Dollar General (NYSE:DG - Get Free Report)'s stock had its "market perform" rating restated by equities researchers at Oppenheimer in a research note issued to investors on Monday, Benzinga reports.
A number of other brokerages have also issued reports on DG. Argus lowered their target price on shares of Dollar General from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, July 15th. Wells Fargo & Company reduced their target price on shares of Dollar General from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 4th. BMO Capital Markets lowered their price target on Dollar General from $150.00 to $140.00 and set a "market perform" rating for the company in a report on Friday, May 31st. Evercore ISI reduced their price objective on Dollar General from $151.00 to $148.00 and set an "in-line" rating on the stock in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Dollar General from $161.00 to $137.00 and set a "neutral" rating for the company in a report on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $147.09.
Get Our Latest Analysis on DG
Dollar General Trading Up 0.6 %
Shares of DG stock traded up $0.80 during trading hours on Monday, reaching $124.40. 1,783,924 shares of the stock were exchanged, compared to its average volume of 2,395,168. The firm has a market capitalization of $27.35 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. Dollar General has a 12-month low of $101.09 and a 12-month high of $168.07. The company's 50-day moving average price is $124.04 and its 200-day moving average price is $136.95. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.
Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General will post 7.21 earnings per share for the current year.
Institutional Trading of Dollar General
A number of institutional investors have recently made changes to their positions in the business. Pathway Financial Advisers LLC grew its stake in shares of Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock worth $50,000 after acquiring an additional 88 shares during the last quarter. Quarry LP acquired a new stake in Dollar General in the 2nd quarter worth approximately $46,000. Wallace Advisory Group LLC purchased a new stake in Dollar General during the 2nd quarter worth approximately $368,000. Nemes Rush Group LLC increased its stake in Dollar General by 20.1% during the 2nd quarter. Nemes Rush Group LLC now owns 15,597 shares of the company's stock valued at $2,062,000 after purchasing an additional 2,610 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc raised its holdings in shares of Dollar General by 3.8% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 52,937 shares of the company's stock worth $7,000,000 after buying an additional 1,947 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.
About Dollar General
(Get Free Report)
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.
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