Dollar General (NYSE:DG) Downgraded to “Neutral” Rating by The Goldman Sachs Group

Dollar General (NYSE:DGGet Free Report) was downgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat.com reports. They currently have a $116.00 target price on the stock, up from their previous target price of $115.00. The Goldman Sachs Group’s price target suggests a potential upside of 2.73% from the company’s previous close.

A number of other research firms have also recently commented on DG. Evercore ISI lifted their price target on shares of Dollar General from $105.00 to $117.00 and gave the stock an “in-line” rating in a report on Thursday, June 5th. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. UBS Group increased their price target on Dollar General from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Oppenheimer raised Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Wednesday, June 4th. Finally, Morgan Stanley upped their price objective on shares of Dollar General from $85.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus target price of $109.08.

Get Our Latest Analysis on Dollar General

Dollar General Price Performance

Shares of NYSE:DG opened at $112.92 on Tuesday. The company has a market capitalization of $24.85 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.26. The company’s 50-day moving average is $100.90 and its 200 day moving average is $85.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $135.46.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the previous year, the firm posted $1.65 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities research analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president now directly owns 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president now directly owns 41,646 shares in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,216 shares of company stock valued at $1,017,349. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Dollar General

Several institutional investors and hedge funds have recently made changes to their positions in DG. Sanctuary Advisors LLC lifted its stake in Dollar General by 5.5% during the fourth quarter. Sanctuary Advisors LLC now owns 18,309 shares of the company’s stock worth $1,321,000 after purchasing an additional 956 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after buying an additional 278 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Dollar General by 9.5% during the 4th quarter. Private Advisor Group LLC now owns 6,066 shares of the company’s stock valued at $460,000 after buying an additional 524 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Dollar General by 45.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,390 shares of the company’s stock worth $485,000 after buying an additional 1,993 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Dollar General by 12.3% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 32,834 shares of the company’s stock worth $2,489,000 after buying an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About Dollar General

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.