Dollar General Corporation (NYSE:DG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $94.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.51% from the company’s previous close.

According to Zacks, “Dollar General’s commitment toward better price management, merchandise initiatives and cost containment has helped the stock to outperform the industry in the past six months. Strategic endeavors have helped it to deliver better-than-expected numbers for the third straight quarter, as it posted second-quarter fiscal 2017 results. Upbeat performance and buyout of Acquired Stores prompted management to raise earnings outlook. The company anticipates earnings in the band of $4.35-$4.50 per share, up from the earlier estimate of $4.25-$4.50. Despite robust performance, investors’ remained concerned over cut in SNAP benefit. Trump’s suggestion of reducing food stamps program by $193 billion, which is nearly 25% of the budget for the program, will have a detrimental effect. Cut in SNAP benefit will hamper performance as people with low income will have less money to spend and could restrict spending to low margin products.”

Several other brokerages have also recently issued reports on DG. BMO Capital Markets restated a “hold” rating on shares of Dollar General Corporation in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Deutsche Bank AG restated a “hold” rating and issued a $79.00 price target on shares of Dollar General Corporation in a research report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $68.00 price target on shares of Dollar General Corporation in a research report on Wednesday, July 19th. Finally, Loop Capital restated a “hold” rating and issued a $76.00 price target on shares of Dollar General Corporation in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.37.

Dollar General Corporation (NYSE DG) opened at $83.55 on Tuesday. The company has a market cap of $22,830.00, a P/E ratio of 18.66, a P/E/G ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $85.09.

Dollar General Corporation (NYSE:DG) last issued its quarterly earnings data on Thursday, August 31st. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. equities analysts expect that Dollar General Corporation will post 4.5 earnings per share for the current year.

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In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Veritable L.P. lifted its position in shares of Dollar General Corporation by 0.7% during the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock valued at $346,000 after purchasing an additional 35 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dollar General Corporation by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Dollar General Corporation by 0.3% during the second quarter. Gateway Investment Advisers LLC now owns 15,636 shares of the company’s stock valued at $1,127,000 after purchasing an additional 53 shares in the last quarter. Alpha Windward LLC lifted its position in shares of Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after purchasing an additional 56 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of Dollar General Corporation by 4.0% during the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after purchasing an additional 75 shares in the last quarter. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Corporation Company Profile

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.

Analyst Recommendations for Dollar General Corporation (NYSE:DG)

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