Dollar General (NYSE:DG) Coverage Initiated at Sanford C. Bernstein

Equities researchers at Sanford C. Bernstein began coverage on shares of Dollar General (NYSE:DG) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage set an “outperform” rating and a $98.00 price target on the stock. Sanford C. Bernstein’s price target indicates a potential upside of 20.93% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. dropped their price target on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Friday, August 30th. Loop Capital dropped their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Raymond James decreased their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.84.

Dollar General Stock Performance

NYSE DG opened at $81.04 on Tuesday. The company’s fifty day moving average is $91.23 and its two-hundred day moving average is $118.19. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 2.42 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 52-week low of $77.96 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that Dollar General will post 5.86 EPS for the current year.

Insider Activity at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Institutional Trading of Dollar General

A number of hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Dollar General by 34.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,684 shares of the company’s stock worth $3,465,000 after buying an additional 10,198 shares during the period. Legacy Wealth Asset Management LLC raised its position in shares of Dollar General by 5.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 17,626 shares of the company’s stock worth $1,491,000 after purchasing an additional 944 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Dollar General during the 3rd quarter valued at about $2,833,000. Mount Yale Investment Advisors LLC grew its position in shares of Dollar General by 40.9% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 54,449 shares of the company’s stock valued at $4,605,000 after purchasing an additional 15,806 shares during the period. Finally, Zweig DiMenna Associates LLC bought a new stake in Dollar General during the 3rd quarter worth approximately $5,071,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About Dollar General

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.