Dollar General (NYSE:DG) Price Target Raised to $105.00 at Wells Fargo & Company

Dollar General (NYSE:DG - Get Free Report) had its price objective increased by analysts at Wells Fargo & Company from $80.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential downside of 7.76% from the stock's previous close.

A number of other analysts have also recently commented on DG. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Guggenheim upped their target price on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research note on Wednesday. Telsey Advisory Group increased their price objective on shares of Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a research note on Wednesday. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dollar General has a consensus rating of "Moderate Buy" and a consensus target price of $109.04.

Dollar General Stock Performance

Dollar General stock traded up $2.06 during midday trading on Wednesday, reaching $113.83. 4,534,325 shares of the company traded hands, compared to its average volume of 4,070,761. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. The business has a 50 day moving average of $93.85 and a two-hundred day moving average of $82.03. Dollar General has a 12 month low of $66.43 and a 12 month high of $135.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. As a group, research analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DG. Altshuler Shaham Ltd acquired a new stake in Dollar General in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $25,000. Providence First Trust Co acquired a new position in shares of Dollar General in the 4th quarter valued at $33,000. Ameriflex Group Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $31,000. Finally, Bogart Wealth LLC raised its position in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

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.