Dollar General (DG) Downgraded to Hold at ValuEngine

Dollar General (NYSE:DG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other research analysts have also recently commented on DG. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Credit Suisse Group set a $108.00 price objective on Dollar General and gave the company a “hold” rating in a report on Monday, November 26th. UBS Group reiterated a “buy” rating and issued a $120.00 price objective (up from $110.00) on shares of Dollar General in a report on Monday, October 15th. Buckingham Research started coverage on Dollar General in a report on Tuesday, September 25th. They issued a “buy” rating and a $125.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on Dollar General from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Dollar General has a consensus rating of “Buy” and an average price target of $107.26.

Shares of Dollar General stock opened at $104.10 on Wednesday. The company has a market cap of $29.47 billion, a PE ratio of 23.18, a P/E/G ratio of 1.34 and a beta of 0.84. Dollar General has a 1-year low of $85.54 and a 1-year high of $118.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.21 and a current ratio of 1.55.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. As a group, analysts expect that Dollar General will post 6.11 earnings per share for the current fiscal year.

In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the transaction, the executive vice president now directly owns 50,747 shares in the company, valued at $5,657,783.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of Dollar General by 23,132.8% during the third quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock worth $366,909,000 after acquiring an additional 3,342,455 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Dollar General during the third quarter worth about $108,509,000. Alecta Pensionsforsakring Omsesidigt acquired a new stake in shares of Dollar General during the third quarter worth about $98,907,000. Millennium Management LLC boosted its stake in shares of Dollar General by 140.6% during the second quarter. Millennium Management LLC now owns 1,345,577 shares of the company’s stock worth $132,674,000 after buying an additional 786,382 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Dollar General by 12.4% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock worth $635,987,000 after buying an additional 711,483 shares during the period. Institutional investors own 94.23% of the company’s stock.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Analyst Recommendations for Dollar General (NYSE:DG)

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