Dollar General Corporation (DG) PT Raised to $96.00 at MKM Partners
Dollar General Corporation (NYSE:DG) had its price objective hoisted by research analysts at MKM Partners to $96.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. MKM Partners’ target price would suggest a potential upside of 10.79% from the stock’s current price.
Several other equities research analysts also recently issued reports on DG. KeyCorp restated a “hold” rating on shares of Dollar General Corporation in a report on Friday, November 10th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $89.00 price objective on shares of Dollar General Corporation in a report on Tuesday, November 14th. Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, November 14th. Deutsche Bank AG upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $79.00 to $93.00 in a report on Wednesday, November 15th. Finally, Wells Fargo & Company initiated coverage on Dollar General Corporation in a report on Friday, November 3rd. They set an “underperform” rating and a $72.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. Dollar General Corporation currently has an average rating of “Hold” and a consensus price target of $81.54.
Dollar General Corporation (NYSE DG) opened at $86.65 on Monday. The company has a market capitalization of $23,757.14, a P/E ratio of 19.28, a P/E/G ratio of 1.71 and a beta of 0.93. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Dollar General Corporation has a 52-week low of $65.97 and a 52-week high of $88.13.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.09 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. Dollar General Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. analysts predict that Dollar General Corporation will post 4.5 earnings per share for the current fiscal year.
In related news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Parsec Financial Management Inc. boosted its position in Dollar General Corporation by 11.9% during the 3rd quarter. Parsec Financial Management Inc. now owns 40,590 shares of the company’s stock worth $3,290,000 after acquiring an additional 4,312 shares during the period. Sigma Planning Corp acquired a new position in Dollar General Corporation during the 2nd quarter worth $202,000. Prudential Financial Inc. boosted its position in Dollar General Corporation by 27.3% during the 2nd quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock worth $32,682,000 after acquiring an additional 97,120 shares during the period. Atlanta Capital Management Co. L L C boosted its position in Dollar General Corporation by 319.8% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,241,424 shares of the company’s stock worth $89,495,000 after acquiring an additional 945,673 shares during the period. Finally, Tandem Investment Advisors Inc. acquired a new position in Dollar General Corporation during the 2nd quarter worth $1,816,000. Institutional investors own 91.82% of the company’s stock.
About Dollar General Corporation
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.
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