UBS Group Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG - Get Free Report) had its price objective boosted by equities researchers at UBS Group from $120.00 to $128.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 12.45% from the company's previous close.

Other equities research analysts have also recently issued reports about the stock. Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. 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 report on Wednesday. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Piper Sandler raised their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.04.

Dollar General Price Performance

Shares of Dollar General stock traded up $2.06 during trading hours on Wednesday, reaching $113.83. The company's stock had a trading volume of 4,534,325 shares, compared to its average volume of 4,070,761. The firm has a 50 day moving average price of $93.85 and a 200-day moving average price of $82.03. Dollar General has a one year low of $66.43 and a one year 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. The stock has a market cap of $25.04 billion, a P/E ratio of 18.75, a P/E/G ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS. On average, analysts predict that Dollar General will post 5.75 EPS for the current year.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by insiders.

Institutional Trading of Dollar General

A number of large investors have recently made changes to their positions in DG. First Eagle Investment Management LLC purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $399,433,000. ACR Alpine Capital Research LLC raised its position in Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after acquiring an additional 3,994,070 shares in the last quarter. Norges Bank purchased a new position in Dollar General in the fourth quarter worth $140,421,000. Two Sigma Investments LP raised its position in Dollar General by 323.1% in the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Dollar General by 5,440.2% in the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock valued at $139,155,000 after buying an additional 1,554,004 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other 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.