Dollar General (NYSE:DG) had its target price reduced by analysts at Royal Bank of Canada to $101.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 13.36% from the stock’s current price.
DG has been the topic of several other research reports. BMO Capital Markets set a $102.00 target price on Dollar General and gave the company a “hold” rating in a research note on Friday, December 8th. Raymond James Financial set a $107.00 target price on Dollar General and gave the company a “buy” rating in a research note on Saturday, December 9th. ValuEngine downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Deutsche Bank lifted their target price on Dollar General to $97.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.90.
Shares of Dollar General (NYSE DG) traded down $0.43 on Wednesday, reaching $89.10. The company had a trading volume of 788,742 shares, compared to its average volume of 2,533,456. The company has a market cap of $24,063.25, a P/E ratio of 19.71, a PEG ratio of 1.37 and a beta of 1.05. Dollar General has a 52 week low of $65.97 and a 52 week high of $105.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB increased its position in Dollar General by 6.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 53,065 shares of the company’s stock valued at $4,936,000 after buying an additional 3,177 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Dollar General by 765.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 34,489 shares of the company’s stock valued at $3,277,000 after buying an additional 30,506 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Dollar General by 18.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 153,887 shares of the company’s stock valued at $14,313,000 after buying an additional 23,906 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Dollar General during the 4th quarter valued at about $142,000. Finally, We Are One Seven LLC acquired a new position in Dollar General during the 4th quarter valued at about $1,111,000. Institutional investors own 90.88% 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.
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