Investment Analysts’ Weekly Ratings Changes for Dollar General (DG)

Several analysts have recently updated their ratings and price targets for Dollar General (NYSE: DG):

  • 12/11/2017 – Dollar General was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dollar General’s commitment toward better price management, merchandise initiatives and cost containment has helped the stock to outpace the industry in the past six months. Strategic endeavors have helped it to deliver better-than-expected numbers for the fourth straight quarter, as it posted third-quarter fiscal 2017 results. Upbeat performance aided management to raise 2017 sales outlook. Increase in sales was driven by robust performance of consumables, seasonal and apparel categories. Moreover, rise in average transaction amount as well traffic has been driving comparable sales higher. Despite robust performance, investors’ remained concerned over cut in SNAP benefit. Trump’s suggestion of reducing food stamps program by $193 billion will have a detrimental effect. Cut in SNAP benefit will hamper performance as people with low income will have less money to spend and could restrict spending to low margin products.”
  • 12/9/2017 – Dollar General was given a new $107.00 price target on by analysts at Raymond James Financial, Inc.. They now have a “buy” rating on the stock.
  • 12/8/2017 – Dollar General was given a new $102.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 12/8/2017 – Dollar General had its price target raised by analysts at Telsey Advisory Group from $86.00 to $98.00. They now have a “market perform” rating on the stock.
  • 12/7/2017 – Dollar General had its price target raised by analysts at Deutsche Bank AG to $97.00. They now have a “buy” rating on the stock.
  • 12/4/2017 – Dollar General is now covered by analysts at Moffett Nathanson. They set a “neutral” rating on the stock.
  • 12/4/2017 – Dollar General had its “buy” rating reaffirmed by analysts at UBS AG. They now have a $99.00 price target on the stock, up previously from $85.00.
  • 12/3/2017 – Dollar General had its “buy” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $107.00 price target on the stock.
  • 11/20/2017 – Dollar General had its price target raised by analysts at MKM Partners to $96.00. They now have a “buy” rating on the stock.
  • 11/15/2017 – Dollar General was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock, up previously from $79.00.
  • 11/14/2017 – Dollar General was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $94.00 price target on the stock. According to Zacks, “Dollar General’s commitment toward better price management, merchandise initiatives and cost containment has helped the stock to outperform the industry in the past six months. Strategic endeavors have helped it to deliver better-than-expected numbers for the third straight quarter, as it posted second-quarter fiscal 2017 results. Upbeat performance and buyout of Acquired Stores prompted management to raise earnings outlook. The company anticipates earnings in the band of $4.35-$4.50 per share, up from the earlier estimate of $4.25-$4.50. Despite robust performance, investors’ remained concerned over cut in SNAP benefit. Trump’s suggestion of reducing food stamps program by $193 billion, which is nearly 25% of the budget for the program, will have a detrimental effect. Cut in SNAP benefit will hamper performance as people with low income will have less money to spend and could restrict spending to low margin products.”
  • 11/14/2017 – Dollar General had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. They now have a $89.00 price target on the stock.
  • 11/10/2017 – Dollar General had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 11/7/2017 – Dollar General was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dollar General’s commitment toward better price management, merchandise initiatives and cost containment has helped the stock to outperform the industry in the past six months. Strategic endeavors have helped it to deliver better-than-expected numbers for the third straight quarter, as it posted second-quarter fiscal 2017 results. Upbeat performance and buyout of Acquired Stores prompted management to raise earnings outlook. The company anticipates earnings in the band of $4.35-$4.50 per share, up from the earlier estimate of $4.25-$4.50. Despite robust performance, investors’ remained concerned over cut in SNAP benefit. Trump’s suggestion of reducing food stamps program by $193 billion, which is nearly 25% of the budget for the program, will have a detrimental effect. Cut in SNAP benefit will hamper performance as people with low income will have less money to spend and could restrict spending to low margin products.”
  • 11/3/2017 – Dollar General is now covered by analysts at Wells Fargo & Company. They set an “underperform” rating and a $72.00 price target on the stock.
  • 11/1/2017 – Dollar General was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “Dollar General’s commitment toward better price management, merchandise initiatives and cost containment has helped the stock to outperform the industry in the past three months. Strategic endeavors have helped it to deliver better-than-expected numbers for the third straight quarter, as it posted second-quarter fiscal 2017 results. Upbeat performance and buyout of Acquired Stores prompted management to raise earnings outlook. The company anticipates earnings in the band of $4.35-$4.50 per share, up from the earlier estimate of $4.25-$4.50. Despite robust performance, investors’ remained concerned over cut in SNAP benefit. Trump’s suggestion of reducing food stamps program by $193 billion, which is nearly 25% of the budget for the program, will have a detrimental effect. Cut in SNAP benefit will hamper performance as people with low income will have less money to spend and could restrict spending to low margin products.”

Dollar General Corp. (NYSE DG) opened at $90.79 on Friday. Dollar General Corp. has a 52-week low of $65.97 and a 52-week high of $96.60. 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 capitalization of $24,772.03, a PE ratio of 19.83, a P/E/G ratio of 1.80 and a beta of 0.96.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. Dollar General’s quarterly revenue was up 11.0% compared to the same quarter last year. equities research analysts predict that Dollar General Corp. will post 4.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.15%. The ex-dividend date is Monday, January 8th. Dollar General’s payout ratio is 23.01%.

In related 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 transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.22% of the stock is owned by insiders.

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.

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