The stock of Dollar General Corporation (NYSE:DG) earned "Neutral" rating by Bank of America on Friday, January 13. Finally, 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.
It has been a long while for Dollar General Corporation, since its IPO date on 11/13/2009. On Thursday, August 25 the stock rating was downgraded by Credit Suisse to "Neutral". RBC Capital Markets maintained it with "Buy" rating and $8500 target in Thursday, June 1 report. It also reduced its holding in Canadian Pac Ry Ltd (NYSE:CP) by 184,974 shares in the quarter, leaving it with 1,875 shares, and cut its stake in Motorola Solutions Inc (NYSE:MSI). Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company's stock. $84.43's average target is -9.45% below currents $93.24 stock price. Looking at a shorter time period, shares have been seen 0.27% away from the 50 day high and 17.16% off the 50 day low price. About 2.65M shares traded or 7.03% up from the average. Since the open, shares have moved -2.78% after recently hitting the $92.36 mark. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Dollar General Corporation (NYSE:DG) has declined 12.26% since December 6, 2016 and is downtrending.
Dollar General's net sales increased 11 percent to $5.90 billion in Q3, versus $5.32 billion in the year-ago period.
For the 39-week period ended November 3, Dollar General's net sales grew 8.5 percent over the year-ago period to $17.3 billion.
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Dollar General now operates 14,321 stores across 44 states.
Dollar General Corp (DG.N) on Thursday reported better-than-expected comparable sales for the third quarter, as hurricanes led to increased traffic and higher spending at its stores.
In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction on Tuesday, September 12th. (NYSE:DG) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
Company's outstanding shares now at $24994.65 MN, further commands a premium share price in the Services market. Northwestern Mutual Wealth Management Co. boosted its holdings in Dollar General by 2.4% during the second quarter. Polen Capital Management LLC now owns 3,903,635 shares of the company's stock valued at $289,142,000 after buying an additional 2,129,904 shares in the last quarter. Usca Ria Llc reported 51,203 shares.
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Covering sell-side analysts have recently weighed in on shares of Dollar General Corporation (NYSE:DG). Meeder Asset Management Inc. now owns 2,305 shares of the company's stock valued at $187,000 after acquiring an additional 2,295 shares in the last quarter. PA bought a new stake in Dollar General in the third quarter worth $344,000.
A number of other institutional investors have also added to or reduced their stakes in DG.
WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was stolen and republished in violation of USA and global copyright and trademark law. Cornerstone Mngmt Holding has invested 0.02% in Dollar General Corporation (NYSE:DG). The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The firm offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise sweets, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.
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