Dollar General (DG) Given Buy Rating at UBS
Dollar General (NYSE:DG)‘s stock had its “buy” rating restated by analysts at UBS in a research note issued on Monday, The Fly reports. They presently have a $99.00 price objective on the stock, up from their previous price objective of $85.00. UBS’s target price would indicate a potential upside of 12.53% from the company’s previous close.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, August 28th. BidaskClub raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Bank of America reaffirmed a “buy” rating and set a $90.00 price objective on shares of Dollar General in a report on Friday, August 25th. Citigroup raised their price objective on shares of Dollar General from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $85.00 price objective on shares of Dollar General in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.93.
Shares of Dollar General (NYSE:DG) opened at $87.98 on Monday. The firm has a market cap of $24,041.33, a P/E ratio of 19.51, a PEG ratio of 1.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42. Dollar General has a fifty-two week low of $65.97 and a fifty-two week high of $89.80.
In related news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DG. Sun Life Financial INC boosted 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dollar General by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Dollar General by 7,109.3% during the second quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after purchasing an additional 10,664 shares in the last quarter. Welch Group LLC boosted its position in shares of Dollar General by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after purchasing an additional 483 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Dollar General Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corp. and related companies with MarketBeat.com's FREE daily email newsletter.