Dollar General (NYSE:DG) Upgraded to “Positive” at OTR Global

Dollar General (NYSE:DG – Get Rating) was upgraded by OTR Global to a “positive” rating in a report released on Friday, The Fly reports.

Several other analysts have also recently commented on DG. Barclays assumed coverage on shares of Dollar General in a research report on Tuesday, February 7th. They set an “equal weight” rating and a $237.00 target price for the company. BMO Capital Markets cut their target price on Dollar General from $255.00 to $230.00 in a research note on Friday, March 17th. Wells Fargo & Company reduced their target price on Dollar General from $275.00 to $245.00 in a report on Friday, March 17th. Gordon Haskett cut Dollar General from an “accumulate” rating to a “hold” rating and lowered their price target for the company from $230.00 to $220.00 in a research note on Friday, March 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Dollar General from $248.00 to $249.00 in a research note on Friday, March 17th. Seven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Moderate Buy” and an average target price of $248.82.

Dollar General Price Performance

Shares of NYSE:DG traded down $0.54 during midday trading on Friday, reaching $203.07. The company’s stock had a trading volume of 741,161 shares, compared to its average volume of 1,851,731. The business’s fifty day simple moving average is $214.34 and its 200-day simple moving average is $229.35. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.29 and a quick ratio of 0.14. Dollar General has a fifty-two week low of $200.80 and a fifty-two week high of $261.59. The company has a market capitalization of $44.49 billion, a P/E ratio of 19.02, a P/E/G ratio of 1.76 and a beta of 0.33.

Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings results on Thursday, March 16th. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.02. Dollar General had a net margin of 6.38% and a return on equity of 40.63%. The business had revenue of $10.20 billion during the quarter, compared to analyst estimates of $10.24 billion. During the same quarter last year, the business posted $2.57 earnings per share. Dollar General’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, equities research analysts expect that Dollar General will post 11.17 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Timothy I. Mcguire acquired 3,550 shares of the business’s stock in a transaction dated Friday, March 24th. The shares were acquired at an average price of $202.00 per share, with a total value of $717,100.00. Following the completion of the transaction, the director now directly owns 11,104 shares in the company, valued at approximately $2,243,008. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Dollar General

Several institutional investors and hedge funds have recently bought and sold shares of DG. Evergreen Capital Management LLC grew its position in shares of Dollar General by 4.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,078 shares of the company’s stock worth $258,000 after buying an additional 43 shares during the period. MGO One Seven LLC boosted its stake in Dollar General by 1.6% during the fourth quarter. MGO One Seven LLC now owns 2,749 shares of the company’s stock worth $677,000 after acquiring an additional 44 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in Dollar General by 3.3% in the fourth quarter. Moloney Securities Asset Management LLC now owns 1,404 shares of the company’s stock worth $346,000 after purchasing an additional 45 shares during the period. Burney Co. increased its stake in Dollar General by 0.5% in the fourth quarter. Burney Co. now owns 9,999 shares of the company’s stock valued at $2,462,000 after purchasing an additional 46 shares in the last quarter. Finally, RB Capital Management LLC increased its stake in Dollar General by 4.2% in the fourth quarter. RB Capital Management LLC now owns 1,163 shares of the company’s stock valued at $286,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 90.73% of the company’s stock.

About Dollar General

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.