Dollar General (NYSE:DG) had its target price increased by research analysts at Loop Capital from $97.00 to $105.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s price objective indicates a potential downside of 1.44% from the company’s previous close.

DG has been the topic of several other reports. Zacks Investment Research lowered shares of Dollar General from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Citigroup started coverage on shares of Dollar General in a research note on Friday, July 6th. They set a “buy” rating on the stock. Gordon Haskett raised shares of Dollar General from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $65.97 to $67.00 in a research note on Monday, June 4th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price target on shares of Dollar General in a research note on Monday, August 20th. Finally, Raymond James raised shares of Dollar General from an “outperform” rating to a “strong-buy” rating in a research note on Friday, June 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General presently has a consensus rating of “Buy” and an average target price of $101.45.

Shares of DG stock traded up $0.87 during mid-day trading on Thursday, hitting $106.53. 24,808 shares of the stock were exchanged, compared to its average volume of 1,666,057. The company has a quick ratio of 0.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.46. Dollar General has a 52-week low of $70.30 and a 52-week high of $109.05. The firm has a market cap of $28.59 billion, a P/E ratio of 23.68, a PEG ratio of 1.21 and a beta of 0.90.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.03. Dollar General had a net margin of 6.77% and a return on equity of 22.40%. The business had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the company posted $1.10 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. analysts anticipate that Dollar General will post 6.06 earnings per share for the current fiscal year.

In other Dollar General news, 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 transaction, the executive vice president now directly owns 38,307 shares of the company’s stock, valued at approximately $3,831,849.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. lifted its stake in Dollar General by 4.3% in the 2nd quarter. Sei Investments Co. now owns 262,817 shares of the company’s stock worth $25,913,000 after purchasing an additional 10,876 shares in the last quarter. Achmea Investment Management B.V. lifted its stake in Dollar General by 16.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 44,547 shares of the company’s stock worth $4,388,000 after purchasing an additional 6,319 shares in the last quarter. Atria Investments LLC lifted its stake in Dollar General by 31.5% in the 2nd quarter. Atria Investments LLC now owns 22,588 shares of the company’s stock worth $2,227,000 after purchasing an additional 5,406 shares in the last quarter. Telos Capital Management Inc. lifted its stake in Dollar General by 7.5% in the 2nd quarter. Telos Capital Management Inc. now owns 17,222 shares of the company’s stock worth $1,698,000 after purchasing an additional 1,206 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Dollar General by 52.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 48,260 shares of the company’s stock worth $4,758,000 after purchasing an additional 16,670 shares in the last quarter. 94.28% of the stock is currently 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.

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Analyst Recommendations for Dollar General (NYSE:DG)

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