Credit Suisse Group Reaffirms Hold Rating for Dollar General (NYSE:DG)

Credit Suisse Group restated their hold rating on shares of Dollar General (NYSE:DG) in a report released on Monday morning, AnalystRatings.com reports.

Several other equities research analysts have also issued reports on the company. Deutsche Bank lifted their price target on Dollar General from $153.00 to $159.00 and gave the company a hold rating in a report on Monday, April 6th. Telsey Advisory Group lifted their price target on Dollar General from $182.00 to $200.00 and gave the company an outperform rating in a report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on Dollar General from $177.00 to $188.00 and gave the company an overweight rating in a report on Monday, April 6th. Cleveland Research upgraded Dollar General from a neutral rating to a buy rating in a report on Thursday, April 2nd. Finally, Oppenheimer initiated coverage on Dollar General in a report on Wednesday, May 20th. They set a buy rating and a $205.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Dollar General currently has a consensus rating of Buy and a consensus target price of $186.13.

Shares of NYSE DG opened at $184.11 on Monday. Dollar General has a one year low of $118.26 and a one year high of $189.50. The firm has a market capitalization of $45.36 billion, a PE ratio of 27.69, a PEG ratio of 1.97 and a beta of 0.50. The company has a current ratio of 1.14, a quick ratio of 0.11 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average price of $177.32 and a two-hundred day moving average price of $160.97.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 28th. The company reported $2.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.82. Dollar General had a return on equity of 26.04% and a net margin of 6.17%. The firm had revenue of $8.45 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same period last year, the company posted $1.48 EPS. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. Research analysts anticipate that Dollar General will post 7.5 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sandy Spring Bank increased its position in Dollar General by 21.0% in the 1st quarter. Sandy Spring Bank now owns 363 shares of the company’s stock worth $55,000 after buying an additional 63 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Dollar General by 0.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,577 shares of the company’s stock worth $1,144,000 after buying an additional 63 shares during the period. Sequoia Financial Advisors LLC increased its position in Dollar General by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,715 shares of the company’s stock worth $268,000 after buying an additional 64 shares during the period. Lenox Wealth Management Inc. increased its position in Dollar General by 8.6% in the 4th quarter. Lenox Wealth Management Inc. now owns 898 shares of the company’s stock worth $140,000 after buying an additional 71 shares during the period. Finally, AIA Investment Management Private Ltd grew its holdings in shares of Dollar General by 6.0% during the 1st quarter. AIA Investment Management Private Ltd now owns 1,366 shares of the company’s stock worth $206,000 after purchasing an additional 77 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors.

Dollar General Company Profile

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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