Wolfe Research Upgrades Dollar General (DG) to Outperform

Dollar General (NYSE:DG) was upgraded by analysts at Wolfe Research from an “underperform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms have also recently issued reports on DG. BMO Capital Markets reaffirmed a “hold” rating on shares of Dollar General in a report on Wednesday, September 27th. UBS reaffirmed a “buy” rating and issued a $99.00 price target (up from $85.00) on shares of Dollar General in a report on Monday, December 4th. Moffett Nathanson initiated coverage on Dollar General in a report on Monday, December 4th. They issued a “neutral” rating for the company. Deutsche Bank lifted their price target on Dollar General to $97.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, BidaskClub raised Dollar General from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company’s stock. Dollar General presently has a consensus rating of “Hold” and an average price target of $85.54.

Dollar General (DG) opened at $91.64 on Wednesday. The stock has a market capitalization of $24,910.53, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96. Dollar General has a twelve month low of $65.97 and a twelve month high of $96.60. 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 (NYSE:DG) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. equities research analysts anticipate that Dollar General will post 4.48 EPS for the current year.

In related news, SVP Michael J. Kindy sold 7,536 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the transaction, the senior vice president now directly owns 7,578 shares in the company, valued at approximately $686,869.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anita C. Elliott sold 2,012 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the transaction, the senior vice president now owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,916 shares of company stock valued at $1,924,881 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DG. Sun Life Financial INC boosted its position in Dollar General by 18,170.0% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after acquiring an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Dollar General by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after acquiring an additional 48 shares during the last quarter. Welch Group LLC boosted its position in Dollar General by 27.1% during the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after acquiring an additional 483 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Dollar General by 22,950.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after acquiring an additional 2,295 shares during the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in Dollar General during the 3rd quarter worth approximately $195,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Wolfe Research Upgrades Dollar General (DG) to Outperform” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/22/wolfe-research-upgrades-dollar-general-dg-to-outperform.html.

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.

Analyst Recommendations for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit