Dollar General (NYSE:DG) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Dollar General (NYSE:DG – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Several other analysts also recently weighed in on the stock. Raymond James dropped their target price on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 24th. Gordon Haskett downgraded shares of Dollar General from a “buy” rating to an “accumulate” rating and dropped their target price for the stock from $275.00 to $245.00 in a research report on Friday, February 10th. JPMorgan Chase & Co. reissued a “focus list” rating and set a $242.00 target price (down previously from $289.00) on shares of Dollar General in a research report on Thursday, January 19th. BMO Capital Markets dropped their target price on shares of Dollar General from $265.00 to $255.00 in a research report on Friday, December 2nd. Finally, Oppenheimer boosted their target price on shares of Dollar General from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, November 28th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.25.

Dollar General Stock Up 1.4 %

Shares of Dollar General stock opened at $218.56 on Thursday. The firm’s 50 day moving average price is $227.87 and its 200-day moving average price is $239.56. The company has a quick ratio of 0.13, a current ratio of 1.23 and a debt-to-equity ratio of 0.98. Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20. The company has a market cap of $48.86 billion, a P/E ratio of 21.24, a PEG ratio of 1.73 and a beta of 0.34.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant sold 1,951 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total value of $475,907.43. Following the completion of the transaction, the director now directly owns 38,269 shares in the company, valued at approximately $9,334,957.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Several large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Dollar General in the 4th quarter worth $564,881,000. Alliancebernstein L.P. grew its holdings in shares of Dollar General by 124.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,193,127 shares of the company’s stock worth $786,308,000 after buying an additional 1,770,718 shares in the last quarter. FMR LLC grew its holdings in shares of Dollar General by 25.5% during the second quarter. FMR LLC now owns 7,002,653 shares of the company’s stock worth $1,718,731,000 after buying an additional 1,424,310 shares in the last quarter. Morgan Stanley grew its holdings in shares of Dollar General by 38.5% during the fourth quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock worth $1,168,329,000 after buying an additional 1,318,412 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Dollar General by 106.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,201,998 shares of the company’s stock worth $542,242,000 after buying an additional 1,137,029 shares in the last quarter. 90.73% of the stock is currently owned by institutional investors and hedge funds.

About Dollar General

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.