Dollar General (NYSE:DG) Given New $80.00 Price Target at Wells Fargo & Company

Dollar General (NYSE:DG) had its price objective dropped by equities research analysts at Wells Fargo & Company from $90.00 to $80.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 1.98% from the company’s previous close.

DG has been the subject of a number of other research reports. Jefferies Financial Group cut their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. UBS Group decreased their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. cut their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. BMO Capital Markets decreased their target price on shares of Dollar General from $90.00 to $80.00 and set a “market perform” rating on the stock in a research report on Monday, November 18th. Finally, Sanford C. Bernstein began coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.27.

Dollar General Trading Up 2.5 %

DG opened at $81.62 on Thursday. Dollar General has a 1-year low of $72.12 and a 1-year high of $168.07. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 2.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company’s 50 day simple moving average is $79.63 and its two-hundred day simple moving average is $104.26.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts expect that Dollar General will post 5.85 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Warren F. Bryant bought 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. This represents a 2.44 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Studio Investment Management LLC boosted its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares in the last quarter. TruNorth Capital Management LLC acquired a new position in shares of Dollar General during the 2nd quarter worth $39,000. Quarry LP acquired a new stake in Dollar General in the 2nd quarter valued at about $46,000. Pathway Financial Advisers LLC increased its holdings in Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the third quarter worth about $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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.