Dollar General (NYSE:DG) had its price target increased by investment analysts at Deutsche Bank to $97.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 6.77% from the stock’s previous close.

A number of other brokerages also recently issued reports on DG. BMO Capital Markets set a $85.00 price target on shares of Dollar General and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Loop Capital reiterated a “hold” rating and issued a $76.00 price target on shares of Dollar General in a research note on Thursday, August 24th. Bank of America reiterated a “buy” rating and issued a $90.00 price target on shares of Dollar General in a research note on Friday, August 25th. Finally, BidaskClub upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $83.12.

Shares of Dollar General (NYSE DG) traded up $0.48 during mid-day trading on Thursday, hitting $90.85. 3,743,000 shares of the company were exchanged, compared to its average volume of 2,845,262. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $24,694.42, a PE ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.96. Dollar General has a 52-week low of $65.97 and a 52-week high of $92.11.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.38% and a return on equity of 22.67%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. equities analysts forecast that Dollar General will post 4.5 earnings per share for the current fiscal year.

In other news, EVP Robert D. Ravener sold 11,257 shares of the business’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 transaction of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC raised its position in Dollar General by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after purchasing an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Dollar General by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares during the last quarter. Welch Group LLC raised its position in Dollar General by 27.1% in the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after purchasing an additional 483 shares during the last quarter. Meeder Asset Management Inc. raised its position in Dollar General by 22,950.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in Dollar General in the 3rd quarter valued at $195,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

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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.

Analyst Recommendations for Dollar General (NYSE:DG)

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