Dollar General (DG) Upgraded to “Overweight” by Barclays

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Dollar General (NYSE:DG) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, The Fly reports.

Several other equities analysts have also recently weighed in on the company. BMO Capital Markets lifted their price objective on Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a report on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $126.00 price objective on shares of Dollar General in a report on Thursday. Citigroup lifted their price objective on Dollar General from $120.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Oppenheimer lifted their price objective on Dollar General from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Deutsche Bank cut Dollar General from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $117.61.

NYSE:DG opened at $113.89 on Monday. Dollar General has a fifty-two week low of $86.87 and a fifty-two week high of $121.27. The company has a current ratio of 1.55, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a market cap of $31.44 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the firm earned $1.48 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities analysts expect that Dollar General will post 6.02 EPS for the current fiscal year.

In related news, EVP Robert D. Ravener sold 32,492 shares of Dollar General stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the sale, the executive vice president now owns 33,307 shares of the company’s stock, valued at approximately $3,718,060.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Eaton Vance Management raised its position in Dollar General by 0.3% in the 4th quarter. Eaton Vance Management now owns 26,682 shares of the company’s stock valued at $2,884,000 after buying an additional 86 shares during the last quarter. Whittier Trust Co. increased its position in shares of Dollar General by 66.3% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after purchasing an additional 116 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in shares of Dollar General by 0.8% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 14,542 shares of the company’s stock worth $1,572,000 after purchasing an additional 117 shares during the last quarter. Kaizen Advisory LLC increased its position in shares of Dollar General by 19.7% during the 4th quarter. Kaizen Advisory LLC now owns 742 shares of the company’s stock worth $80,000 after purchasing an additional 122 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC increased its position in shares of Dollar General by 96.4% during the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock worth $29,000 after purchasing an additional 133 shares during the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

About Dollar General

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

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Analyst Recommendations for Dollar General (NYSE:DG)

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