Dollar General (NYSE:DG) Price Target Cut to $105.00

Dollar General (NYSE:DG) had its price objective lowered by equities researchers at Evercore ISI from $115.00 to $105.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 29.57% from the company’s previous close.

A number of other brokerages have also recently weighed in on DG. Argus reduced their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Raymond James reduced their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. The Goldman Sachs Group decreased their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $107.84.

Dollar General Stock Down 0.1 %

Dollar General stock opened at $81.04 on Tuesday. The stock’s fifty day moving average is $91.23 and its two-hundred day moving average is $118.19. The stock has a market cap of $17.82 billion, a PE ratio of 11.80, a P/E/G ratio of 2.42 and a beta of 0.44. Dollar General has a 1-year low of $77.96 and a 1-year high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. On average, sell-side analysts expect that Dollar General will post 5.86 EPS for the current fiscal year.

Insider Activity at Dollar General

In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Warren F. Bryant bought 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were purchased 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 owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank & Trust Co purchased a new position in Dollar General during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General during the 2nd quarter worth approximately $33,000. Studio Investment Management LLC lifted its stake in Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Dollar General during the 2nd quarter valued at $37,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Dollar General in the second quarter worth $39,000. 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.