Dollar General (DG) Scheduled to Post Quarterly Earnings on Thursday

Dollar General (NYSE:DG) is scheduled to be announcing its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Dollar General Stock Up 1.6 %

Shares of Dollar General stock opened at $79.02 on Wednesday. Dollar General has a 52-week low of $72.12 and a 52-week high of $168.07. The company has a 50 day moving average of $79.87 and a 200 day moving average of $104.60. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $17.38 billion, a P/E ratio of 12.27, a P/E/G ratio of 2.28 and a beta of 0.44.

Analysts Set New Price Targets

DG has been the topic of several recent analyst reports. Loop Capital dropped their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $170.00 to $100.00 in a research report on Friday, August 30th. BMO Capital Markets lowered their price target on Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a report on Monday, November 18th. Raymond James reduced their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, Melius Research began coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a “hold” rating and a $85.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus target price of $103.32.

Insider Transactions at Dollar General

In related news, Director Warren F. Bryant bought 500 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 1.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% 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.