Dollar General (DG) Coverage Initiated at BMO Capital Markets

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Stock analysts at BMO Capital Markets began coverage on shares of Dollar General (NYSE:DG) in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $115.50 price target on the stock. BMO Capital Markets’ target price suggests a potential downside of 0.48% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research note on Thursday, October 4th. UBS Group restated a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Dollar General in a research note on Monday, October 15th. ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Citigroup dropped their price target on Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, December 10th. Finally, Buckingham Research assumed coverage on Dollar General in a research note on Tuesday, September 25th. They set a “buy” rating and a $125.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $111.61.

NYSE DG opened at $116.06 on Thursday. Dollar General has a twelve month low of $85.54 and a twelve month high of $118.45. The stock has a market cap of $30.36 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.35 and a beta of 0.76. The company has a current ratio of 1.55, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Dollar General (NYSE:DG) last released its earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General will post 6.01 EPS for the current year.

In related news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the transaction, the executive vice president now owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of DG. Vanguard Group Inc lifted its holdings in Dollar General by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock worth $2,098,732,000 after buying an additional 370,008 shares during the last quarter. Putnam Investments LLC lifted its holdings in Dollar General by 0.4% during the 3rd quarter. Putnam Investments LLC now owns 118,358 shares of the company’s stock worth $12,936,000 after buying an additional 485 shares during the last quarter. Iberiabank Corp bought a new position in Dollar General during the 3rd quarter worth approximately $231,000. Atria Investments LLC lifted its holdings in Dollar General by 81.6% during the 3rd quarter. Atria Investments LLC now owns 41,020 shares of the company’s stock worth $4,483,000 after buying an additional 18,432 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Dollar General by 52.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 406,924 shares of the company’s stock worth $44,476,000 after buying an additional 140,583 shares during the last quarter. 95.04% of the stock is owned by hedge funds and other institutional investors.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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Analyst Recommendations for Dollar General (NYSE:DG)

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