Telsey Advisory Group Cuts Dollar General (NYSE:DG) Price Target to $85.00

Dollar General (NYSE:DG) had its target price cut by equities researchers at Telsey Advisory Group from $88.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 15.18% from the company’s current price.

Several other research firms also recently commented on DG. HSBC dropped their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group dropped their price target on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Morgan Stanley decreased their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday. Finally, Truist Financial cut their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $95.83.

Dollar General Trading Up 1.2 %

NYSE DG opened at $73.80 on Thursday. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 2.18 and a beta of 0.44. The business’s fifty day moving average is $73.20 and its 200-day moving average is $80.23. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General has a one year low of $66.43 and a one year high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm posted $1.26 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that Dollar General will post 5.75 EPS for the current year.

Insider Buying and Selling at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd purchased a new position in Dollar General in the 4th quarter worth $25,000. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General in the third quarter worth about $33,000. Providence First Trust Co bought a new stake in shares of Dollar General in the 4th quarter valued at about $33,000. Finally, Ameriflex Group Inc. purchased a new stake in Dollar General during the 4th quarter valued at about $31,000. 91.77% of the stock is currently owned by institutional investors.

About Dollar General

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.