Dollar General’s (DG) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Dollar General (NYSE:DG) in a research report released on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $123.00 target price on the stock.

Several other equities research analysts have also recently commented on DG. Evercore ISI lowered their target price on Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research note on Tuesday, October 7th. Sanford C. Bernstein raised their price target on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Morgan Stanley boosted their price objective on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Wells Fargo & Company upped their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Finally, Raymond James Financial raised their target price on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $118.14.

Dollar General Price Performance

Shares of DG stock opened at $109.36 on Wednesday. Dollar General has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $102.24 and its 200-day moving average is $106.55. The firm has a market capitalization of $24.07 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter last year, the business posted $1.70 earnings per share. Dollar General’s revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Institutional Trading of Dollar General

A number of hedge funds have recently modified their holdings of DG. Caldwell Trust Co acquired a new position in Dollar General during the second quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Dollar General in the 2nd quarter valued at $26,000. Root Financial Partners LLC bought a new stake in shares of Dollar General in the 3rd quarter valued at $26,000. Finally, Peoples Financial Services CORP. bought a new position in Dollar General during the third quarter worth about $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.