Dollar General’s (DG) “Neutral” Rating Reaffirmed at Buckingham Research

Dollar General (NYSE:DG)‘s stock had its “neutral” rating reissued by stock analysts at Buckingham Research in a research note issued on Thursday, MarketBeat.com reports. They presently have a $98.00 price target on the stock, up from their prior price target of $93.00. Buckingham Research’s target price points to a potential downside of 0.19% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Deutsche Bank upgraded Dollar General from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $93.00 in a research report on Wednesday, November 15th. Goldman Sachs Group restated a “neutral” rating and set a $89.00 target price on shares of Dollar General in a research report on Tuesday, November 14th. MKM Partners boosted their target price on Dollar General to $96.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, BMO Capital Markets set a $102.00 target price on Dollar General and gave the stock a “hold” rating in a research report on Friday, December 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Dollar General currently has an average rating of “Hold” and a consensus target price of $86.54.

Dollar General (NYSE:DG) traded up $3.41 during mid-day trading on Thursday, hitting $98.19. The stock had a trading volume of 3,279,100 shares, compared to its average volume of 2,331,262. The company has a market capitalization of $26,660.00, a P/E ratio of 21.77, a P/E/G ratio of 1.89 and a beta of 0.95. Dollar General has a 12 month low of $65.97 and a 12 month high of $98.33. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. analysts predict that Dollar General will post 4.48 EPS for the current year.

In other Dollar General news, 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 completion of the transaction, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael J. Kindy sold 7,536 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were 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 of the company’s stock, valued at $686,869.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,916 shares of company stock valued at $1,924,881. Insiders own 0.32% of the company’s stock.

Large investors have recently bought and sold shares of the business. Sun Life Financial INC grew its stake in Dollar General by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after acquiring an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares during the period. Meeder Asset Management Inc. grew its stake in Dollar General by 22,950.0% in the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after acquiring an additional 2,295 shares during the period. Fieldpoint Private Securities LLC acquired a new position in Dollar General in the third quarter valued at about $195,000. Finally, DF Dent & Co. Inc. acquired a new position in Dollar General in the second quarter valued at about $207,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

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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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