Dollar General (NYSE:DG) Upgraded to “Hold” at Cfra Research

Dollar General (NYSE:DGGet Free Report) was upgraded by investment analysts at Cfra Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Piper Sandler increased their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Guggenheim raised their price objective on shares of Dollar General from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Raymond James raised their price objective on shares of Dollar General from $100.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group lifted their target price on shares of Dollar General from $120.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dollar General presently has an average rating of “Moderate Buy” and an average target price of $108.19.

Check Out Our Latest Research Report on Dollar General

Dollar General Stock Performance

Shares of DG stock opened at $111.89 on Tuesday. The firm’s 50 day moving average price is $93.85 and its 200-day moving average price is $82.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General has a one year low of $66.43 and a one year high of $135.57. The firm has a market cap of $24.61 billion, a P/E ratio of 18.43, a P/E/G ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DGGet Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.32. The company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS. As a group, equities research analysts predict that Dollar General will post 5.75 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dollar General

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Dollar General in the fourth quarter valued at approximately $57,000. Oppenheimer & Co. Inc. boosted its stake in shares of Dollar General by 81.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock valued at $428,000 after purchasing an additional 2,534 shares during the period. Private Advisor Group LLC boosted its stake in shares of Dollar General by 9.5% in the fourth quarter. Private Advisor Group LLC now owns 6,066 shares of the company’s stock valued at $460,000 after purchasing an additional 524 shares during the period. Ameriprise Financial Inc. raised its holdings in Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock valued at $8,137,000 after acquiring an additional 16,453 shares in the last quarter. Finally, Bristlecone Advisors LLC raised its holdings in Dollar General by 206.3% in the fourth quarter. Bristlecone Advisors LLC now owns 19,365 shares of the company’s stock valued at $1,468,000 after acquiring an additional 13,042 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Company Profile

(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.

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Analyst Recommendations for Dollar General (NYSE:DG)

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