Dollar General (NYSE:DG) Price Target Cut to $97.00 by Analysts at Evercore ISI

Dollar General (NYSE:DG) had its target price lowered by analysts at Evercore ISI from $101.00 to $97.00 in a research note issued on Friday. The firm presently has a “hold” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 27.83% from the stock’s current price.

A number of other equities research analysts have also commented on DG. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Jefferies Financial Group dropped 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 report on Friday. Melius Research started coverage on shares of Dollar General in a research report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective for the company. Bank of America dropped their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. Finally, Wells Fargo & Company reduced their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.45.

Dollar General Stock Down 1.5 %

Dollar General stock opened at $75.88 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average price is $81.85 and its two-hundred day moving average price is $110.18. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. Dollar General has a 1-year low of $73.51 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS. On average, equities research analysts predict that Dollar General will post 5.86 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares in the company, 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 Investors Weigh In On Dollar General

Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after buying an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $5,650,000. Lecap Asset Management Ltd. boosted its stake in shares of Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Dollar General by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares during the last quarter. Finally, Kiltearn Partners LLP bought a new stake in Dollar General in the second quarter worth $9,587,000. Institutional investors own 91.77% of the company’s stock.

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.