Dollar General (NYSE:DG) was upgraded by stock analysts at Wolfe Research from an “underperform” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.
A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Raymond James Financial set a $107.00 price objective on Dollar General and gave the company a “buy” rating in a research note on Saturday, December 9th. BMO Capital Markets set a $102.00 price objective on Dollar General and gave the company a “hold” rating in a research note on Friday, December 8th. Telsey Advisory Group raised their price objective on Dollar General from $86.00 to $98.00 and gave the company a “market perform” rating in a research note on Friday, December 8th. Finally, Deutsche Bank raised their price objective on Dollar General to $97.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.54.
Dollar General (NYSE DG) traded down $0.45 during midday trading on Wednesday, reaching $92.10. The company had a trading volume of 1,794,500 shares, compared to its average volume of 2,856,626. Dollar General has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. The firm has a market capitalization of $25,133.21, a PE ratio of 20.12, a P/E/G ratio of 1.82 and a beta of 0.96. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47.
In related news, EVP Robert D. Ravener sold 11,368 shares of Dollar General stock in a transaction that occurred on 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 transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at $2,097,320.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael J. Kindy sold 7,536 shares of Dollar General stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total value of $683,063.04. Following the transaction, the senior vice president now directly owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Sun Life Financial INC lifted its holdings in Dollar General by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after acquiring an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 acquiring an additional 48 shares during the period. Welch Group LLC lifted its holdings in 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 acquiring an additional 483 shares during the period. Meeder Asset Management Inc. lifted its holdings in 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 acquiring an additional 2,295 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new stake in Dollar General during the third quarter worth $195,000. Institutional investors and hedge funds own 90.23% of the company’s stock.
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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.
