Deutsche Bank Boosts Dollar General (DG) Price Target to $97.00

Deutsche Bank Boosts Dollar General (DG) Price Target to $97.00

A number of other institutional investors have also modified their holdings of the business. Psagot Investment House Ltd. now owns 28,298 shares of the company's stock worth $2,294,000 after buying an additional 2,764 shares during the last quarter.

During the quarter, same-store sales increased 4.3%, driven by increases in average transaction amount and customer traffic.

Scharf Investments Llc, which manages about $2.69 billion and $4.26 billion US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 619,765 shares to 1.06M shares, valued at $151.97M in 2017Q2, according to the filing. Aperio Ltd Liability Company reported 120,014 shares or 0.05% of all its holdings. Mufg Americas Corporation owns 105 shares for 0% of their portfolio. Nomura Asset Management Co.

Dollar General's rosy earnings report was similar to that of competitor Dollar Tree Inc. two weeks ago, as the small format chains, often located closer to shoppers than big-box competitors or traditional grocery stores, continue to appeal to budget-minded customers. L L C now owns 1,241,424 shares of the company's stock worth $89,495,000 after acquiring an additional 945,673 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Dollar General by 115.4% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company's stock valued at $642,060,000 after acquiring an additional 178,400 shares during the period. Tetrem Mgmt Ltd has invested 1.82% in Dollar General Corporation (NYSE:DG). The stock had a trading volume of 3,743,000 shares, compared to its average volume of 2,845,262.

The company's quick ratio for most recent quarter is 0.20.

Recent trading patterns in the stock of Dollar General Corporation (DG) have investors on high alert. The stock of Dollar General Corporation (NYSE:DG) has "Neutral" rating given on Wednesday, October 21 by Bank of America. The company reported a five-cent negative diluted earnings per share impact from expenses related to recent hurricanes that struck the U.S.

Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%.

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Third-quarter net sales increased 11.0 percent to $5.90 billion compared to $5.32 billion, previous year. They expect $0.93 EPS, up 4.49% or $0.04 from last year's $0.89 per share.

Dollar General narrowed its fiscal 2017 GAAP diluted earnings per share to $4.37 to $4.47, compared to its prior guidance range of $4.35 to $4.50. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.26 per share.

As with most large market cap stocks, it has a good dividend yield of 1.14%. Dollar General's payout ratio is 23.48%.

WARNING: "Tredje AP fonden Has $1.79 Million Stake in Dollar General Corp". On Friday, August 26 the stock rating was maintained by RBC Capital Markets with "Outperform". Central Retail Bank And holds 0.07% or 3,692 shares in its portfolio. UBS reiterated a "buy" rating and set a $99.00 price target (up previously from $85.00) on shares of Dollar General in a report on Monday. Bank of America restated a "buy" rating and issued a $90.00 price objective on shares of Dollar General in a report on Friday, August 25th. At the time of writing, the First Call consensus price target for the company is $84.61.

In other news, EVP Robert D. Ravener sold 11,257 shares of the business's stock in a transaction dated Tuesday, September 12th. Total shares outstanding is 275.12, with shares float coming to 272.95. On Thursday, August 31 the stock rating was maintained by KeyBanc Capital Markets with "Hold". The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. "We anticipate that 75% of the USA population will be within five miles of a Dollar General by the end of fiscal 2017".

Several other hedge funds also recently bought and sold shares of DG. If you are viewing this article on another domain, it was illegally copied and reposted in violation of USA and global copyright & trademark legislation.