Goldman Sachs Group, Inc. (The) Reiterates Neutral Rating for Dollar General Corporation (DG)

Dollar General Corporation (NYSE:DG)‘s stock had its “neutral” rating restated by investment analysts at Goldman Sachs Group, Inc. (The) in a report issued on Tuesday. They currently have a $89.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 8.14% from the stock’s current price.

DG has been the topic of several other research reports. KeyCorp reaffirmed a “hold” rating on shares of Dollar General Corporation in a research report on Friday, November 10th. Wells Fargo & Company assumed coverage on shares of Dollar General Corporation in a research report on Friday, November 3rd. They issued an “underperform” rating and a $72.00 price target on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $85.00 target price on shares of Dollar General Corporation in a research report on Friday, September 29th. Zacks Investment Research raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Wednesday, November 1st. Finally, BMO Capital Markets reissued a “hold” rating on shares of Dollar General Corporation in a research report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.98.

Shares of Dollar General Corporation (NYSE:DG) opened at $82.30 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $85.09. The firm has a market capitalization of $22,748.81, a PE ratio of 18.46, a price-to-earnings-growth ratio of 1.64 and a beta of 0.93.

Dollar General Corporation (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. sell-side analysts predict that Dollar General Corporation will post 4.5 earnings per share for the current year.

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In other news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DG. Gateway Investment Advisers LLC increased its position in shares of Dollar General Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock valued at $1,127,000 after buying an additional 53 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Dollar General Corporation by 4.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 64,768 shares of the company’s stock valued at $4,669,000 after buying an additional 3,000 shares during the period. LS Investment Advisors LLC increased its position in shares of Dollar General Corporation by 4.4% during the second quarter. LS Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $581,000 after buying an additional 340 shares during the period. Alpha Windward LLC increased its position in shares of Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after buying an additional 56 shares during the period. Finally, Diversified Trust Co purchased a new position in shares of Dollar General Corporation during the second quarter valued at about $261,000. Institutional investors own 89.31% of the company’s stock.

Dollar General Corporation 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.

Analyst Recommendations for Dollar General Corporation (NYSE:DG)

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