Wells Fargo & Co Increases Dollar General (DG) Price Target to $129.00

Dollar General (NYSE:DG) had its price target boosted by analysts at Wells Fargo & Co from $118.00 to $129.00 in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co‘s price objective would indicate a potential upside of 11.30% from the company’s current price.

A number of other research analysts also recently issued reports on DG. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. BMO Capital Markets initiated coverage on shares of Dollar General in a research report on Thursday. They set an “outperform” rating and a $115.50 target price on the stock. Credit Suisse Group set a $108.00 target price on shares of Dollar General and gave the stock a “hold” rating in a research report on Monday, November 26th. Morgan Stanley set a $115.00 target price on shares of Dollar General and gave the stock a “buy” rating in a research report on Wednesday, December 26th. Finally, ValuEngine downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Dollar General presently has an average rating of “Buy” and a consensus target price of $111.61.

Shares of Dollar General stock traded down $0.62 on Friday, reaching $115.90. The stock had a trading volume of 13,417 shares, compared to its average volume of 2,393,385. The company has a quick ratio of 0.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Dollar General has a 1 year low of $85.54 and a 1 year high of $118.45. The company has a market cap of $30.36 billion, a P/E ratio of 25.87, a PEG ratio of 1.35 and a beta of 0.76.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.26. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General will post 6.01 EPS for the current fiscal year.

In other news, EVP Robert D. Ravener sold 32,492 shares of the company’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total value of $3,627,081.96. Following the sale, the executive vice president now directly owns 33,307 shares of the company’s stock, valued at approximately $3,718,060.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank boosted its holdings in shares of Dollar General by 93.7% in the 4th quarter. First Hawaiian Bank now owns 13,566 shares of the company’s stock valued at $1,466,000 after acquiring an additional 6,563 shares during the last quarter. Hexavest Inc. lifted its stake in shares of Dollar General by 4.2% in the 4th quarter. Hexavest Inc. now owns 505,778 shares of the company’s stock valued at $54,664,000 after purchasing an additional 20,354 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Dollar General by 77.9% in the 4th quarter. State of Alaska Department of Revenue now owns 136,144 shares of the company’s stock valued at $14,713,000 after purchasing an additional 59,617 shares during the period. Welch Group LLC lifted its stake in shares of Dollar General by 17.9% in the 4th quarter. Welch Group LLC now owns 2,893 shares of the company’s stock valued at $313,000 after purchasing an additional 439 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in shares of Dollar General by 24.4% in the 4th quarter. CENTRAL TRUST Co now owns 5,093 shares of the company’s stock valued at $550,000 after purchasing an additional 998 shares during the period. 95.04% 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. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

Further Reading: Cash Flow

Analyst Recommendations for Dollar General (NYSE:DG)

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