Dollar General (NYSE:DG) has been assigned a $99.00 price target by research analysts at Credit Suisse Group in a research note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Credit Suisse Group’s target price indicates a potential downside of 7.34% from the company’s previous close.

Several other research firms have also recently issued reports on DG. Barclays cut their target price on Dollar General from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, June 1st. Telsey Advisory Group cut their target price on Dollar General from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, June 1st. Moffett Nathanson cut Dollar General from a “neutral” rating to a “sell” rating in a research report on Friday, May 11th. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Gordon Haskett upgraded Dollar General from an “accumulate” rating to a “buy” rating and raised their price target for the company from $65.97 to $67.00 in a report on Monday, June 4th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $99.59.

NYSE:DG opened at $106.84 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.65 and a quick ratio of 0.23. Dollar General has a 12-month low of $70.30 and a 12-month high of $109.05. The stock has a market cap of $28.90 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.22 and a beta of 0.90.

Dollar General (NYSE:DG) last released its earnings results on Thursday, May 31st. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.04). Dollar General had a return on equity of 22.40% and a net margin of 6.77%. The business had revenue of $6.11 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. research analysts anticipate that Dollar General will post 6.06 EPS for the current year.

In related news, Director Timothy I. Mcguire acquired 2,275 shares of the stock in a transaction dated Friday, June 1st. The stock was acquired at an average cost of $88.06 per share, with a total value of $200,336.50. Following the purchase, the director now directly owns 3,834 shares of the company’s stock, valued at $337,622.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Ravener sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total value of $1,000,300.00. Following the completion of the sale, the executive vice president now directly owns 38,307 shares of the company’s stock, valued at $3,831,849.21. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

Large investors have recently bought and sold shares of the company. Community Bank N.A. lifted its stake in shares of Dollar General by 240.2% in the 2nd quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock valued at $164,000 after purchasing an additional 1,170 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Dollar General by 50.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock valued at $176,000 after purchasing an additional 596 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Dollar General in the 1st quarter valued at approximately $202,000. Checchi Capital Advisers LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at approximately $205,000. Finally, Peapack Gladstone Financial Corp bought a new stake in shares of Dollar General in the 1st quarter valued at approximately $209,000. 94.28% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Growth Stocks

Analyst Recommendations for Dollar General (NYSE:DG)

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