Dollar General (NYSE:DG) Stock Rating Lowered by ValuEngine

Dollar General (NYSE:DG) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, ValuEngine reports.

A number of other analysts have also recently issued reports on the stock. Oppenheimer upgraded shares of Dollar General to an “overweight” rating and lifted their target price for the company from $153.00 to $173.00 in a research note on Friday, September 6th. Wells Fargo & Co cut shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 target price for the company. in a research note on Thursday, July 25th. Citigroup lifted their target price on shares of Dollar General from $148.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Piper Jaffray Companies lifted their target price on shares of Dollar General from $137.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, Morgan Stanley lifted their target price on shares of Dollar General from $142.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $162.27.

NYSE DG traded up $3.56 during trading on Wednesday, reaching $160.97. The company’s stock had a trading volume of 1,948,543 shares, compared to its average volume of 1,930,878. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $40.88 billion, a PE ratio of 26.96, a PEG ratio of 2.50 and a beta of 0.54. The business has a 50-day moving average price of $152.29 and a 200-day moving average price of $134.89. Dollar General has a 1-year low of $98.08 and a 1-year high of $162.34.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.16. The firm had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, analysts expect that Dollar General will post 6.61 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Keudell Morrison Wealth Management lifted its stake in shares of Dollar General by 436.9% in the second quarter. Keudell Morrison Wealth Management now owns 19,550 shares of the company’s stock worth $2,642,000 after buying an additional 15,909 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Dollar General by 8.7% during the second quarter. Glen Harbor Capital Management LLC now owns 175,304 shares of the company’s stock worth $23,694,000 after acquiring an additional 14,042 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Dollar General by 16.8% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 296,864 shares of the company’s stock worth $40,510,000 after acquiring an additional 42,804 shares during the period. Prudential Financial Inc. increased its position in Dollar General by 10.8% during the second quarter. Prudential Financial Inc. now owns 273,981 shares of the company’s stock worth $37,032,000 after acquiring an additional 26,604 shares during the period. Finally, Atria Investments LLC increased its position in Dollar General by 38.5% during the second quarter. Atria Investments LLC now owns 52,410 shares of the company’s stock worth $7,082,000 after acquiring an additional 14,576 shares during the period. Institutional investors and hedge funds own 92.76% of the company’s stock.

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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