Evercore ISI Cuts Dollar General (NYSE:DG) Price Target to $97.00

Dollar General (NYSE:DG) had its price target lowered by Evercore ISI from $101.00 to $97.00 in a report released on Friday. The firm currently has a “hold” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 28.00% from the stock’s current price.

A number of other research analysts have also weighed in on DG. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. The Goldman Sachs Group dropped their target price on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Raymond James lowered their price objective 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. Melius Research began coverage on shares of Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.45.

Dollar General Stock Down 1.6 %

Shares of DG traded down $1.27 during mid-day trading on Friday, hitting $75.78. The company’s stock had a trading volume of 2,026,922 shares, compared to its average volume of 3,192,223. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.24 and a beta of 0.45. The company’s 50-day moving average is $81.98 and its 200-day moving average is $110.84. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Dollar General has a 52-week low of $73.51 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm 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%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.13 earnings per share. On average, equities research analysts forecast that Dollar General will post 5.86 EPS for the current fiscal year.

Insider Activity at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The trade was a 41.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Warren F. Bryant bought 500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Trading of Dollar General

Large investors have recently made changes to their positions in the stock. Industrial Alliance Investment Management Inc. grew its holdings in shares of Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after purchasing an additional 80 shares in the last quarter. Pullen Investment Management LLC increased its stake in Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares during the period. Pathway Financial Advisers LLC raised its position in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $375,000 after purchasing an additional 103 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in Dollar General by 7.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after buying an additional 113 shares in the last quarter. Institutional investors 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.