Evercore ISI Has Lowered Expectations for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price objective cut by Evercore ISI from $97.00 to $95.00 in a report released on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.

Other equities research analysts have also issued research reports about the company. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Wells Fargo & Company cut their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. cut their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $103.32.

Dollar General Trading Up 1.6 %

Shares of DG stock opened at $79.02 on Tuesday. The firm 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. Dollar General has a twelve month low of $72.12 and a twelve month high of $168.07. 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 stock’s fifty day simple moving average is $79.87 and its 200 day simple moving average is $104.60.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the business’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 transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s 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 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. 0.49% of the stock is owned by company insiders.

Institutional Trading of Dollar General

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar General during the 2nd quarter worth approximately $33,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General in the third quarter valued at approximately $33,000. Studio Investment Management LLC grew its holdings in shares of Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Dollar General in the second quarter valued at approximately $37,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Dollar General in the second quarter valued at approximately $39,000. 91.77% of the stock is owned by institutional investors.

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.