Wolfe Research Upgrades Dollar General (NYSE:DG) to “Outperform”

Dollar General (NYSE:DG) was upgraded by investment analysts at Wolfe Research from an “underperform” rating to an “outperform” rating in a note issued to investors on Wednesday, December 20th, The Fly reports.

A number of other research firms have also issued reports on DG. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Raymond James Financial set a $107.00 price target on shares of Dollar General and gave the stock a “buy” rating in a research report on Saturday, December 9th. BMO Capital Markets set a $102.00 price objective on shares of Dollar General and gave the company a “hold” rating in a research report on Friday, December 8th. Telsey Advisory Group raised their price objective on shares of Dollar General from $86.00 to $98.00 and gave the company a “market perform” rating in a research report on Friday, December 8th. Finally, Deutsche Bank raised their price objective on shares of Dollar General to $97.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. Dollar General presently has a consensus rating of “Hold” and a consensus target price of $86.54.

Dollar General (NYSE DG) traded up $3.41 during trading hours on Wednesday, hitting $98.19. 3,280,000 shares of the stock traded hands, compared to its average volume of 2,760,000. Dollar General has a one year low of $65.97 and a one year high of $98.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. The company has a market cap of $26,660.00, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 1.89 and a beta of 0.95.

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

In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the sale, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $2,097,320.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the senior vice president now directly 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 sold 20,916 shares of company stock valued at $1,924,881 over the last ninety days. 0.32% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Sun Life Financial INC grew its position in shares of 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 buying an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 48 shares during the period. Welch Group LLC grew its position in shares of 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 buying an additional 483 shares during the period. Meeder Asset Management Inc. grew its position in shares of 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 buying an additional 2,295 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of Dollar General during the 3rd quarter worth about $195,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Dollar General (NYSE:DG)

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