Dollar General (NYSE:DG) Upgraded by Melius to Buy Rating

Dollar General (NYSE:DG) was upgraded by investment analysts at Melius from a “hold” rating to a “buy” rating in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm currently has a $110.00 target price on the stock. Melius’ target price would suggest a potential upside of 20.25% from the stock’s current price.

Several other analysts have also recently issued reports on DG. Bank of America dropped their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $69.00 to $101.00 in a research report on Monday. Piper Sandler increased their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Barclays reduced their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Finally, Morgan Stanley dropped their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Sixteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average price target of $94.33.

Dollar General Trading Down 0.6 %

DG opened at $91.48 on Tuesday. Dollar General has a 52 week low of $66.43 and a 52 week high of $159.52. The company has a market capitalization of $20.12 billion, a P/E ratio of 15.21, a PEG ratio of 2.18 and a beta of 0.40. The stock’s fifty day moving average is $78.47 and its two-hundred day moving average is $78.06. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share. Analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Institutional Trading of Dollar General

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Parallel Advisors LLC raised its stake in Dollar General by 40.1% during the 1st quarter. Parallel Advisors LLC now owns 1,767 shares of the company’s stock worth $155,000 after acquiring an additional 506 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dollar General by 10,718.3% in the first quarter. GAMMA Investing LLC now owns 533,559 shares of the company’s stock valued at $46,916,000 after buying an additional 528,627 shares during the last quarter. Nexus Investment Management ULC raised its stake in Dollar General by 0.4% during the 1st quarter. Nexus Investment Management ULC now owns 287,594 shares of the company’s stock valued at $25,288,000 after acquiring an additional 1,059 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Dollar General by 546.3% during the first quarter. Versant Capital Management Inc now owns 1,034 shares of the company’s stock worth $91,000 after purchasing an additional 874 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Dollar General by 96.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 893 shares of the company’s stock worth $79,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.