Dollar General Corp. (NYSE:DG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Soft comparable sales performance on account of deflation in retail food priceacross perishable items, fall in both SNAP participation rates and benefit levels, unseasonably mild spring weather and stiff competition have hurt Dollar General’s performance in second-quarter fiscal 2016. As a result, it posted a negative earnings surprise, after beating the Zacks Consensus Estimate in the trailing five quarters. Net sales also missed the estimate for the 12th straight quarter. However, what came as a respite was the year-over-year growth in both the top and bottom lines. We believe Dollar General’s commitment toward better price management, merchandise, cost containment and operational initiatives bode well. Dollar General’s model includes earnings per share annual growth target of 10–15% and net sales increase of 7–10%. Of late estimates have been stable ahead of the third quarter earnings release.”

Several other research firms have also issued reports on DG. Deutsche Bank AG lowered shares of Dollar General Corp. from a “buy” rating to a “hold” rating and raised their price target for the stock from $95.00 to $99.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Jefferies Group lowered shares of Dollar General Corp. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $101.00 to $96.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. Credit Suisse Group AG lowered shares of Dollar General Corp. from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $80.00 in a research report on Thursday, August 25th. MKM Partners restated a “buy” rating and issued a $97.00 price target on shares of Dollar General Corp. in a research report on Thursday, August 25th. Finally, Macquarie decreased their price target on shares of Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued 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 target price of $89.36.

Analyst Recommendations for Dollar General Corp. (NYSE:DG)

Shares of Dollar General Corp. (NYSE:DG) opened at 79.71 on Tuesday. The firm has a 50 day moving average of $71.06 and a 200 day moving average of $81.95. The firm has a market cap of $22.46 billion, a price-to-earnings ratio of 18.64 and a beta of 0.80. Dollar General Corp. has a 52 week low of $64.10 and a 52 week high of $96.88.

In related news, Director Michael M. Calbert purchased 13,000 shares of Dollar General Corp. stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $75.53 per share, for a total transaction of $981,890.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William C. Rhodes III purchased 5,000 shares of Dollar General Corp. stock in a transaction dated Friday, August 26th. The stock was bought at an average price of $76.30 per share, with a total value of $381,500.00. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its position in Dollar General Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock valued at $106,000 after buying an additional 81 shares during the period. Financial Architects Inc boosted its position in Dollar General Corp. by 390.7% in the third quarter. Financial Architects Inc now owns 1,526 shares of the company’s stock valued at $107,000 after buying an additional 1,215 shares during the period. FTB Advisors Inc. boosted its position in Dollar General Corp. by 14.9% in the third quarter. FTB Advisors Inc. now owns 1,595 shares of the company’s stock valued at $109,000 after buying an additional 207 shares during the period. Global X Management Co. LLC boosted its position in Dollar General Corp. by 114.2% in the third quarter. Global X Management Co. LLC now owns 1,686 shares of the company’s stock valued at $118,000 after buying an additional 899 shares during the period. Finally, Alpha Windward LLC boosted its position in Dollar General Corp. by 1.5% in the third quarter. Alpha Windward LLC now owns 2,273 shares of the company’s stock valued at $159,000 after buying an additional 33 shares during the period. Institutional investors own 81.55% of the company’s stock.

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About Dollar General Corp.

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.

5 Day Chart for NYSE:DG

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