Dollar General (NYSE:DG) had its target price hoisted by investment analysts at Deutsche Bank to $97.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 3.88% from the company’s previous close.
DG has been the subject of a number of other research reports. UBS reaffirmed a “buy” rating and issued a $99.00 price objective (up previously from $85.00) on shares of Dollar General in a report on Monday, December 4th. BMO Capital Markets reaffirmed a “hold” rating on shares of Dollar General in a report on Wednesday, September 27th. Moffett Nathanson assumed coverage on shares of Dollar General in a report on Monday, December 4th. They issued a “neutral” rating for the company. Raymond James Financial reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Dollar General in a report on Sunday, December 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Dollar General in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.54.
Dollar General (NYSE:DG) opened at $93.38 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Dollar General has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. The stock has a market cap of $25,355.89, a price-to-earnings ratio of 20.30, a P/E/G ratio of 1.86 and a beta of 0.96.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. analysts forecast that Dollar General will post 4.45 EPS for the current year.
In related news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of DG. Acadian Asset Management LLC acquired a new position in Dollar General in the 2nd quarter valued at about $278,000. Janney Montgomery Scott LLC boosted its holdings in Dollar General by 279.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 19,673 shares of the company’s stock valued at $1,418,000 after purchasing an additional 14,493 shares during the last quarter. Rothschild Asset Management Inc. boosted its holdings in Dollar General by 1.2% in the 2nd quarter. Rothschild Asset Management Inc. now owns 9,483 shares of the company’s stock valued at $684,000 after purchasing an additional 111 shares during the last quarter. IFP Advisors Inc boosted its holdings in Dollar General by 7.9% in the 2nd quarter. IFP Advisors Inc now owns 4,139 shares of the company’s stock valued at $298,000 after purchasing an additional 303 shares during the last quarter. Finally, Advisor Partners LLC boosted its holdings in Dollar General by 4.7% in the 2nd quarter. Advisor Partners LLC now owns 4,872 shares of the company’s stock valued at $351,000 after purchasing an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.
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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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