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.
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.
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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