Dollar General (DG) Upgraded at Telsey Advisory Group

Dollar General (NYSE:DG) was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued on Thursday. The firm currently has a $120.00 price target on the stock, up from their previous price target of $98.00. Telsey Advisory Group’s price target would indicate a potential upside of 16.86% from the stock’s previous close.

A number of other research analysts have also weighed in on DG. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Raymond James Financial restated a “buy” rating and issued a $107.00 target price on shares of Dollar General in a report on Sunday, December 3rd. Citigroup began coverage on Dollar General in a report on Tuesday, January 16th. They issued an “outperform” rating and a $112.00 target price on the stock. BMO Capital Markets set a $102.00 target price on Dollar General and gave the company a “hold” rating in a report on Friday, December 8th. Finally, KeyCorp restated a “hold” rating on shares of Dollar General in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $91.31.

Shares of Dollar General (DG) opened at $102.69 on Thursday. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Dollar General has a one year low of $65.97 and a one year high of $103.99. The company has a market capitalization of $27,890.00, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 2.08 and a beta of 0.95.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period last year, the business posted $0.89 EPS. The company’s revenue was up 11.0% on a year-over-year basis. equities research analysts expect that Dollar General will post 4.49 EPS for the current fiscal year.

In other Dollar General news, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the sale, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at $686,869.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of 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 three months. Company insiders own 0.22% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new position in shares of Dollar General in the fourth quarter valued at $130,000. Sun Life Financial INC grew its position in shares of 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 purchasing an additional 1,817 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Dollar General by 22,950.0% in the third 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 in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Dollar General in the third quarter valued at $195,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Dollar General by 104.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock valued at $200,000 after purchasing an additional 1,102 shares in the last quarter. 90.14% of the stock is owned by institutional investors and hedge funds.

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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.