Morgan Stanley Increases Dollar General (NYSE:DG) Price Target to $174.00

Dollar General (NYSE:DG) had its price target hoisted by analysts at Morgan Stanley from $170.00 to $174.00 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 12.46% from the company’s current price.

Several other research analysts have also recently issued reports on DG. Credit Suisse Group increased their price objective on Dollar General from $130.00 to $154.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BMO Capital Markets upped their target price on shares of Dollar General from $140.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. They noted that the move was a valuation call. Telsey Advisory Group upped their target price on shares of Dollar General from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Citigroup increased their target price on shares of Dollar General from $148.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $162.95.

DG stock opened at $154.72 on Friday. The company has a market capitalization of $39.87 billion, a PE ratio of 23.93, a P/E/G ratio of 2.10 and a beta of 0.51. Dollar General has a 12 month low of $98.08 and a 12 month high of $166.98. The firm’s 50-day moving average is $159.63 and its 200 day moving average is $146.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.12 and a quick ratio of 0.12.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a net margin of 6.09% and a return on equity of 25.53%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 EPS. Sell-side analysts forecast that Dollar General will post 6.62 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its position in Dollar General by 4.0% in the third quarter. Sequoia Financial Advisors LLC now owns 1,651 shares of the company’s stock worth $262,000 after acquiring an additional 63 shares during the period. San Francisco Sentry Investment Group CA increased its stake in Dollar General by 41.4% during the third quarter. San Francisco Sentry Investment Group CA now owns 222 shares of the company’s stock worth $35,000 after acquiring an additional 65 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Dollar General by 3.8% in the third quarter. Integrated Wealth Concepts LLC now owns 1,760 shares of the company’s stock valued at $280,000 after purchasing an additional 65 shares during the period. Shine Investment Advisory Services Inc. raised its position in Dollar General by 17.5% in the third quarter. Shine Investment Advisory Services Inc. now owns 471 shares of the company’s stock valued at $75,000 after purchasing an additional 70 shares during the period. Finally, Wambolt & Associates LLC raised its position in Dollar General by 3.5% in the third quarter. Wambolt & Associates LLC now owns 2,140 shares of the company’s stock valued at $340,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 91.71% 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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