Sanford C. Bernstein Upgrades Dollar General (NYSE:DG) to “Outperform”

Sanford C. Bernstein upgraded shares of Dollar General (NYSE:DG) from a market perform rating to an outperform rating in a report published on Wednesday.

A number of other brokerages have also recently commented on DG. UBS Group set a $175.00 price objective on shares of Dollar General and gave the stock a buy rating in a research note on Friday, August 30th. Morgan Stanley lifted their price objective on shares of Dollar General from $142.00 to $155.00 and gave the stock an overweight rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $153.00 to $173.00 and gave the stock an overweight rating in a research note on Thursday, September 5th. Wells Fargo & Co cut shares of Dollar General from an outperform rating to a market perform rating and set a $140.00 price objective for the company. in a research note on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Dollar General from $133.00 to $139.00 and gave the stock an outperform rating in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $158.32.

Shares of NYSE DG opened at $157.78 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.12 and a current ratio of 1.14. The company has a market cap of $40.56 billion, a P/E ratio of 26.43, a P/E/G ratio of 2.12 and a beta of 0.55. The firm’s fifty day moving average is $142.78 and its two-hundred day moving average is $130.71. Dollar General has a 52-week low of $98.08 and a 52-week high of $162.34.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.58 by $0.16. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The company had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the previous year, the firm posted $1.52 EPS. Dollar General’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Dollar General will post 6.6 EPS for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s dividend payout ratio is presently 21.44%.

Hedge funds have recently added to or reduced their stakes in the stock. Clean Yield Group purchased a new position in shares of Dollar General during the 2nd quarter worth about $26,000. JNBA Financial Advisors boosted its position in Dollar General by 106.4% in the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Squar Milner Financial Services LLC boosted its position in Dollar General by 73.0% in the 2nd quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock valued at $26,000 after buying an additional 81 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Dollar General in the 2nd quarter valued at about $27,000. Finally, Penserra Capital Management LLC purchased a new stake in Dollar General in the 1st quarter valued at about $39,000. 92.75% of the stock is owned by hedge funds and other institutional investors.

Dollar General Company Profile

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.

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Analyst Recommendations for Dollar General (NYSE:DG)

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