Dollar General (NYSE:DG) was upgraded by stock analysts at Wolfe Research from an “underperform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, December 20th, The Fly reports.
DG has been the topic of several other research reports. Jefferies Group raised their price target on Dollar General from $68.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Bank of America reiterated a “buy” rating and issued a $90.00 target price on shares of Dollar General in a research note on Friday, August 25th. Raymond James Financial reiterated a “buy” rating and issued a $107.00 target price on shares of Dollar General in a research note on Sunday, December 3rd. Finally, BMO Capital Markets set a $85.00 target price on Dollar General and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. Dollar General currently has a consensus rating of “Hold” and an average target price of $86.54.
Shares of Dollar General (NYSE DG) traded up $0.91 during trading on Wednesday, hitting $99.10. The stock had a trading volume of 2,332,153 shares, compared to its average volume of 2,790,000. The stock has a market capitalization of $26,910.00, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. Dollar General has a 1 year low of $65.97 and a 1 year high of $99.69.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. research analysts forecast that Dollar General will post 4.48 earnings per share for the current year.
In other news, EVP Robert D. Ravener sold 11,368 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at $2,097,320.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Insiders have sold 20,916 shares of company stock worth $1,924,881 in the last 90 days. Insiders own 0.22% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC lifted its holdings in shares of Dollar General by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dollar General by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the period. Welch Group LLC lifted its holdings in shares of Dollar General by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after purchasing an additional 483 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Dollar General during the third quarter worth about $195,000. 90.23% of the stock is owned by hedge funds and other institutional investors.
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Dollar General Company Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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