BMO Capital Markets Raises Dollar General (NYSE:DG) Price Target to $84.00

Dollar General (NYSE:DG) had its price target lifted by investment analysts at BMO Capital Markets from $80.00 to $84.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 2.95% from the company’s current price.

DG has been the topic of several other research reports. UBS Group reduced their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Evercore ISI lowered their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Sanford C. Bernstein began coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Finally, Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $98.27.

Dollar General Stock Performance

Shares of Dollar General stock opened at $81.59 on Friday. The company’s 50 day moving average price is $79.52 and its two-hundred day moving average price is $103.60. The firm has a market capitalization of $17.94 billion, a P/E ratio of 13.44, a P/E/G ratio of 2.33 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General has a fifty-two week low of $72.12 and a fifty-two week high of $168.07.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. On average, equities analysts forecast that Dollar General will post 5.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar General

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the 3rd quarter worth approximately $33,000. Studio Investment Management LLC grew its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Dollar General during the 2nd quarter valued at about $37,000. TruNorth Capital Management LLC bought a new stake in shares of Dollar General during the 2nd quarter valued at about $39,000. Finally, Quarry LP purchased a new position in shares of Dollar General during the second quarter worth about $46,000. 91.77% of the stock is currently owned by 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. 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.