Dollar General (NYSE:DG – Get Rating) In a report released on Friday, StockNews.com investment analysts downgraded the stock from a ‘buy’ rating to a ‘hold’ rating.
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Several other brokerage firms have also commented on DG. Evercore ISI lowered its target price for Dollar General to $265.00 in its research report on Friday, December 2nd. Credit Suisse Group undertook coverage for Dollar General in its report on Monday, December 19th. They issued a “neutral” rating and a price target of $260.00. Truist Financial lowered its price target on Dollar General from $262.00 to $237.00 and gave the stock a “hold” rating in its report on Friday, Dec. 2. Telsey Advisory Group lowered its price target on Dollar General from $285.00 to $270.00, giving it an “outperform” rating in its report on Friday, December 2nd. Finally, Morgan Stanley, in its Monday, Dec. 5 report, lowered its general price target to $260.00 from his $270.00 dollar, giving the stock an “overweight” rating. . Five investment analysts rated the stock as Hold, nine Buy, and two Strong Buy. According to MarketBeat data, Dollar General has an average rating of “moderate buy” with a consensus price target of $264.27.
dollar aggregate price performance
DG shares opened at $224.47 on Friday. The company has a market capitalization of $50.19 billion, a price/earnings ratio of 21.81, a PEG ratio of 1.93 and a beta of 0.39. The stock has a 50-day moving average of $246.02 and a 200-day moving average of $246.16. The company has a current ratio of 1.23, a quick ratio of 0.13 and a debt to equity ratio of 0.98. The Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20.
In related news, Director Warren F. Bryant sold 1,951 shares of Dollar General stock in a transaction on Wednesday, January 4. The shares sold at an average price of $243.93, giving him a total of $475,907.43. After the transaction, the directors now directly own 38,269 shares of the company, valued at approximately $9,334,957.17. The sale was disclosed in legal filings with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. The insider owns his 0.60% of the company’s shares.
Hedge funds are heavily focused on the dollar in general
Many hedge funds have recently changed their stock holdings. KRS Capital Management LLC purchased $306,000 worth of additional shares of Dollar General in the fourth quarter. AMS Capital Ltda increased its stake in Dollar General by 1.7% in the fourth quarter. AMS Capital Ltda now owns 87,124 shares worth $21,454,000 after purchasing an additional 1,479 of his shares last quarter. Pendal Group Ltd increased its stake in Dollar General by 14.7% in the fourth quarter. Pendal Group Ltd owns 322,327 shares of the company worth $79,373,000 after he purchased an additional 41,265 shares in the previous quarter. Procyon Advisors LLC increased its Dollar General shareholding by 8.6% in the fourth quarter. Procyon Advisors LLC now owns 2,055 of his shares worth $506,000 after purchasing an additional 162 shares in the previous quarter. Finally, Fiduciary Alliance LLC purchased $2,760,000 worth of additional shares in Dollar General in the fourth quarter. Currently 90.73% of the shares are owned by institutional investors and hedge funds.
About Dollar General
Dollar General Corporation, a discount retailer, offers a variety of products in the Southern, Southwest, Midwest, and Eastern United States. We offer consumables including paper and cleaning products such as paper towels, bath tissues, paper utensils, garbage bags, storage bags, sanitizers and laundry supplies. Packaged foods containing cereals, pastas, canned soups, fruits and vegetables, condiments, spices, sugar and flour. Perishables include milk, eggs, bread, chilled and frozen foods, beer and wine.
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