KeyBanc Initiates Dollar General (NYSE:DG) Coverage With “Sector Weight” Rating

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KeyBanc Capital Markets Analyst Rating Change Dollar General NYSE:DG

Dollar General (NYSE:DG) New Coverage by KeyBanc

Equities researchers at KeyBanc has initiated coverage on shares of Dollar General (NYSE:DG) in a research note issued to investors and clients on Thursday morning, reports. The firm set “Sector Weight” rating on DG stock.

The new coverage is well received by stock speculators, as NYSE:DG is now trading 0.52% higher at $69.06 as of 03:58 New York time. Dollar General shares have declined -4.07% in the last 200 days, while the S&P500 has increased 4.02% in the same time period.

Out of 23 analysts covering Dollar General, 24 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $107 and the lowest is $92 according to Thomson/First Call. The 12-month mean target is $98.25, which means upside potential of 42.27% over the current price.

NYSE:DG Price Chart & Trend

The stock price of Dollar General is down 4.07% over the last 200 days, and is in fragile down trend. In the last 50 and 100 days, Dollar General is down 25.87% and down 15.39%, respectively. Our stocks momentum model is shown on the price chart below.KeyBanc Initiates Dollar General (NYSE:DG) Coverage With "Sector Weight" Rating

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Sheffield Asset Management L.L.C. had the largest stake with ownership of 893,719 shares as of Q2 2015 for 9.95% of the long stock exposure. Nebula Capital Management Lp is another very bullish investment professional who is owning 116,189 shares of Dollar General or 5.45% of their long stock exposure. Also, Seastone Capital Management L.P. have 5.4% of their long stock exposure invested in the company for 246,328 shares. The New York-based fund Highline Capital Management Llc disclosed it had acquired a stake worth about 4.88% of the investment professional’s stock portfolio in Dollar General. The New York-based fund Marathon Partners Equity Management Llc is also positive about the stock, possessing 1.79 million shares or 4.66% of their long stock exposure.Over the last six months, Dollar General NYSE:DG has seen 0 insider buys, and 1 insider selling transaction. The net result was for 1 transaction, worth $268,512.

Dollar General (NYSE:DG) Profile

Dollar General CorpDollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

Dollar General (NYSE:DG) traded up 0.52% on 13 October, hitting $69.06. A total of 2.21 million shares of the company’s stock traded hands. This is down from average of 4.78 million shares. Dollar General has a 52 week low of $59.75 and a 52 week high of $96.88. The company has a market cap of $19.26 billion and a P/E ratio of 16.17.

Get the latest Dollar General (NYSE:DG) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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