Dollar General (NYSE:DG) Rating Increased to Buy at Melius

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

DG has been the topic of a number of other reports. Morgan Stanley reduced their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group reduced their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $69.00 to $101.00 in a research report on Monday. Piper Sandler upped their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Finally, Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Sixteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $94.33.

Dollar General Price Performance

Shares of NYSE 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 stock has a market cap of $20.12 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.18 and a beta of 0.40. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $78.47 and its 200 day moving average price is $78.06.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. As a group, research analysts forecast that Dollar General will post 5.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Dollar General during the fourth quarter valued at approximately $25,000. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the 3rd quarter valued at $33,000. Providence First Trust Co bought a new stake in Dollar General in the fourth quarter worth $33,000. Finally, Ameriflex Group Inc. acquired a new position in Dollar General during the fourth quarter worth $31,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

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.