Dollar General’s (DG) Buy Rating Reiterated at UBS

UBS reissued their buy rating on shares of Dollar General (NYSE:DG) in a report released on Monday, thefly.com reports. UBS currently has a $99.00 price target on the stock, up from their previous price target of $85.00.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Dollar General from a hold rating to a buy rating and set a $87.00 price objective for the company in a report on Monday, August 28th. BidaskClub upgraded shares of Dollar General from a hold rating to a buy rating in a report on Friday, August 25th. Bank of America reiterated a buy rating and set a $90.00 price objective on shares of Dollar General in a report on Friday, August 25th. Citigroup lifted their price objective on shares of Dollar General from $87.00 to $90.00 and gave the company a buy rating in a report on Wednesday, September 13th. Finally, Piper Jaffray Companies reiterated a buy rating and set a $85.00 price objective on shares of Dollar General in a report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $82.93.

Shares of Dollar General (DG) opened at $90.85 on Monday. Dollar General has a twelve month low of $65.97 and a twelve month high of $92.11. The firm has a market cap of $24,694.42, a PE ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.96. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. Dollar General’s dividend payout ratio is currently 23.48%.

In other news, EVP Robert D. Ravener sold 11,257 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

Several institutional investors have recently modified their holdings of DG. Sun Life Financial INC grew its position in shares of 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 buying an additional 1,817 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 buying an additional 48 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of Dollar General by 7,109.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after buying an additional 10,664 shares during the last quarter. Welch Group LLC grew its position in shares of 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 buying an additional 483 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of 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 buying an additional 2,295 shares during the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Dollar General (NYSE:DG)

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