Dollar General (NYSE:DG) Upgraded at Gordon Haskett
Gordon Haskett upgraded Dollar General (NYSE:DG) from a "reduce" to an "accumulate" rating. Other analysts have also raised their ratings, with Melius Research upgrading to "strong-buy" and Goldman Sachs increasing the target price from $85 to $96. The stock rose 12.6% to $109.46, with a market cap of $24.08 billion. Dollar General reported $1.78 EPS, exceeding estimates, and revenue of $10.44 billion, up 5.3% year-over-year. Hedge funds have increased their stakes, with 91.77% of shares owned by institutional investors.
Dollar General (NYSE:DG - Get Free Report) was upgraded by equities researchers at Gordon Haskett from a "reduce" rating to an "accumulate" rating in a research note issued to investors on Tuesday.
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Other equities research analysts have also issued reports about the stock. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. The Goldman Sachs Group upped their target price on shares of Dollar General from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Piper Sandler increased their target price on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and raised their price objective for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Finally, UBS Group boosted their price objective on Dollar General from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $98.96.
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Dollar General Trading Up 12.6%
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NYSE DG traded up $12.29 during trading on Tuesday, hitting $109.46. The stock had a trading volume of 7,690,175 shares, compared to its average volume of 4,021,805. The stock has a market capitalization of $24.08 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 2.18 and a beta of 0.26. The stock has a 50 day simple moving average of $92.83 and a 200 day simple moving average of $81.60. Dollar General has a one year low of $66.43 and a one year high of $141.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.
Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The company's revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General will post 5.75 earnings per share for the current year.
Insider Transactions at Dollar General
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In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Dollar General
Hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Dollar General during the fourth quarter worth about $25,000. IMG Wealth Management Inc. purchased a new position in Dollar General during the fourth quarter valued at $25,000. Providence First Trust Co purchased a new position in Dollar General during the fourth quarter valued at $33,000. Ameriflex Group Inc. purchased a new position in Dollar General during the fourth quarter valued at $31,000. Finally, Bogart Wealth LLC grew its stake in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Hedge funds and other institutional investors 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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