Wolfe Research upgraded shares of Dollar General (NYSE:DG) from an underperform rating to an outperform rating in a research report sent to investors on Wednesday, The Fly reports.

DG has been the subject of several other research reports. BMO Capital Markets set a $102.00 target price on Dollar General and gave the stock a hold rating in a research note on Friday, December 8th. Zacks Investment Research upgraded Dollar General from a hold rating to a buy rating and set a $87.00 target price for the company in a research note on Monday, August 28th. Deutsche Bank reiterated a hold rating and set a $79.00 price target on shares of Dollar General in a research report on Friday, September 1st. Raymond James Financial set a $107.00 price target on Dollar General and gave the company a buy rating in a research report on Saturday, December 9th. Finally, Royal Bank of Canada reiterated a buy rating and set a $85.00 price target on shares of Dollar General in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $85.54.

Shares of Dollar General (NYSE DG) traded up $1.27 during midday trading on Wednesday, reaching $92.91. The company’s stock had a trading volume of 2,673,017 shares, compared to its average volume of 3,116,882. Dollar General has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. The company has a market cap of $24,886.09, a P/E ratio of 20.56, a P/E/G ratio of 1.81 and a beta of 0.96.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the business earned $0.89 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities research analysts predict that Dollar General will post 4.48 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.12%. Dollar General’s dividend payout ratio is 23.01%.

In related news, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the transaction, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,916 shares of company stock worth $1,924,881. 0.22% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Sun Life Financial INC increased its stake in Dollar General by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Dollar General by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the period. Welch Group LLC increased its stake in Dollar General by 27.1% in the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after purchasing an additional 483 shares during the period. Meeder Asset Management Inc. increased its stake in Dollar General by 22,950.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in Dollar General in the 3rd quarter worth approximately $195,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

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Dollar General Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

The Fly

Analyst Recommendations for Dollar General (NYSE:DG)

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