Dollar General’s (NYSE:DG) Buy Rating Reiterated at UBS Group

Dollar General (NYSE:DG)‘s stock had its “buy” rating reaffirmed by equities researchers at UBS Group in a report released on Monday, December 4th, thefly.com reports. They presently have a $99.00 price objective on the stock, up from their prior price objective of $85.00. UBS Group’s target price suggests a potential upside of 6.44% from the stock’s previous close.

Other analysts have also issued research reports about the company. Buckingham Research restated a “neutral” rating and set a $75.00 target price on shares of Dollar General in a report on Monday, August 7th. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $85.00 price target on shares of Dollar General in a research report on Friday, September 29th. BMO Capital Markets set a $85.00 target price on Dollar General and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Finally, Loop Capital reaffirmed a “hold” rating and issued a $76.00 price target on shares of Dollar General in a research note on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $85.54.

Dollar General (NYSE DG) traded up $0.43 during trading hours on Monday, reaching $93.01. The company’s stock had a trading volume of 2,320,648 shares, compared to its average volume of 2,740,556. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $25,141.36, a price-to-earnings ratio of 20.58, a PEG ratio of 1.83 and a beta of 0.96. Dollar General has a twelve month low of $65.97 and a twelve month high of $96.60.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. Dollar General’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. equities analysts anticipate that Dollar General will post 4.48 earnings per share for the current year.

In related news, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the transaction, the senior vice president now owns 7,578 shares of the company’s stock, valued at $686,869.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $2,097,320.38. The disclosure for this sale can be found here. Insiders have sold 20,916 shares of company stock worth $1,924,881 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Dollar General by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock valued at $1,269,909,000 after acquiring an additional 315,589 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after purchasing an additional 10,167,321 shares in the last quarter. Longview Partners Guernsey LTD grew its holdings in Dollar General by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after purchasing an additional 3,310,168 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Dollar General by 2.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock worth $642,060,000 after acquiring an additional 178,400 shares in the last quarter. Finally, Capital International Investors grew its holdings in Dollar General by 14.0% during the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock worth $520,989,000 after acquiring an additional 791,600 shares in the last quarter. 90.21% of the stock is currently owned by institutional investors and hedge funds.

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Dollar General Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

Analyst Recommendations for Dollar General (NYSE:DG)

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