Bernstein Bank Issues Pessimistic Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target lowered by equities researchers at Bernstein Bank from $98.00 to $94.00 in a research report issued on Friday. Bernstein Bank’s price objective would suggest a potential upside of 23.88% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Raymond James dropped their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Jefferies Financial Group cut their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Loop Capital lowered their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Barclays cut their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, Sanford C. Bernstein initiated coverage on Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.45.

Dollar General Stock Down 1.5 %

Shares of NYSE DG opened at $75.88 on Friday. Dollar General has a 52-week low of $73.51 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The stock has a market cap of $16.69 billion, a P/E ratio of 11.78, a P/E/G ratio of 2.24 and a beta of 0.45. The firm has a 50 day moving average price of $81.85 and a 200 day moving average price of $110.38.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. Analysts expect that Dollar General will post 5.86 EPS for the current year.

Insider Buying and Selling at Dollar General

In other Dollar General 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 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Pzena Investment Management LLC grew its position in shares of Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA acquired a new stake in Dollar General during the 3rd quarter valued at approximately $194,832,000. Capital International Investors raised its holdings in Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after purchasing an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Dollar General by 11.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares during the last quarter. 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.