Dollar General’s (DG) “Neutral” Rating Reiterated at Buckingham Research
Dollar General (NYSE:DG)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Buckingham Research in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a $98.00 price objective on the stock, up from their previous price objective of $93.00. Buckingham Research’s target price suggests a potential downside of 1.11% from the company’s previous close.
Several other brokerages have also weighed in on DG. BMO Capital Markets reissued a “hold” rating on shares of Dollar General in a report on Wednesday, September 27th. UBS Group reissued a “buy” rating and set a $99.00 price objective (up previously from $85.00) on shares of Dollar General in a report on Monday, December 4th. Moffett Nathanson initiated coverage on Dollar General in a report on Monday, December 4th. They set a “neutral” rating on the stock. Deutsche Bank lifted their price objective on Dollar General to $97.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Wolfe Research raised Dollar General from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Dollar General has a consensus rating of “Hold” and an average target price of $86.54.
Dollar General (DG) traded up $0.91 on Thursday, reaching $99.10. The company’s stock had a trading volume of 2,315,300 shares, compared to its average volume of 2,720,000. The firm has a market cap of $26,910.00, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.95 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. Dollar General has a 12-month low of $65.97 and a 12-month high of $99.69.
In related news, SVP Anita C. Elliott sold 2,012 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the sale, the senior vice president now owns 14,969 shares of the company’s stock, valued at approximately $1,389,422.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael J. Kindy sold 7,536 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the sale, the senior vice president now directly owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,916 shares of company stock worth $1,924,881. 0.32% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Ridgewood Investments LLC bought a new position in Dollar General in the 4th quarter valued at $331,000. Franklin Street Advisors Inc. NC bought a new position in Dollar General in the 4th quarter valued at $237,000. Atalanta Sosnoff Capital LLC bought a new position in Dollar General in the 4th quarter valued at $30,190,000. Aurora Investment Counsel bought a new position in Dollar General in the 4th quarter valued at $3,316,000. Finally, Pensionfund Sabic bought a new position in Dollar General in the 4th quarter valued at $1,767,000. 90.37% of the stock is currently owned by institutional investors and hedge funds.
About Dollar General
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.
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