Dollar General’s (DG) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Dollar General (NYSE:DG) in a research report sent to investors on Monday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a $80.00 target price on the stock, down from their prior target price of $90.00.

A number of other brokerages have also commented on DG. Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Morgan Stanley lowered their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. BMO Capital Markets raised their price target on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Finally, Bernstein Bank lowered their price target on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $96.04.

Dollar General Price Performance

Shares of NYSE DG opened at $73.80 on Monday. Dollar General has a 1-year low of $66.43 and a 1-year high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The business’s fifty day moving average price is $73.20 and its two-hundred day moving average price is $80.23. The firm has a market capitalization of $16.23 billion, a PE ratio of 12.16, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $1.26 earnings per share. On average, research analysts expect that Dollar General will post 5.75 EPS for the current year.

Insider Activity

In related news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Dollar General Company Profile

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.