Moffett Nathanson Initiates Coverage on Dollar General (DG)

Equities researchers at Moffett Nathanson began coverage on shares of Dollar General (NYSE:DG) in a report issued on Monday. The firm set a “neutral” rating on the stock.

DG has been the topic of several other research reports. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Monday, August 28th. Deutsche Bank reiterated a “hold” rating and issued a $79.00 price target on shares of Dollar General in a research note on Friday, September 1st. Citigroup boosted their price target on Dollar General from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $85.00 price target on shares of Dollar General in a research note on Tuesday, October 10th. Finally, Raymond James Financial reiterated a “buy” rating on shares of Dollar General in a research note on Sunday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $82.93.

Dollar General (NYSE DG) opened at $90.37 on Monday. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. Dollar General has a one year low of $65.97 and a one year high of $92.11. The company has a market capitalization of $24,803.72, a PE ratio of 20.13, a P/E/G ratio of 1.79 and a beta of 0.96.

In other Dollar General news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at $1,740,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company’s stock.

Several institutional investors have recently made changes to their positions in DG. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after purchasing an additional 10,167,321 shares during the period. Longview Partners Guernsey LTD raised its position in shares of Dollar General by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after purchasing an additional 3,310,168 shares during the period. Ameriprise Financial Inc. raised its position in shares of Dollar General by 115.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock worth $257,611,000 after purchasing an additional 1,914,303 shares during the period. Janus Henderson Group PLC raised its position in shares of Dollar General by 1,959.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock worth $122,980,000 after purchasing an additional 1,623,070 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Dollar General by 363.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock worth $141,877,000 after purchasing an additional 1,543,619 shares during the period. Institutional investors and hedge funds own 89.90% of the company’s stock.

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About Dollar General

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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