Telsey Advisory Group Cuts Dollar General (NYSE:DG) Price Target to $90.00

Dollar General (NYSE:DG) had its target price reduced by equities researchers at Telsey Advisory Group from $103.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 16.47% from the stock’s current price.

A number of other equities research analysts also recently weighed in on DG. Raymond James decreased their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. The Goldman Sachs Group lowered their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Sanford C. Bernstein started coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target for the company. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Melius Research started coverage on Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.41.

Dollar General Stock Performance

NYSE:DG opened at $77.27 on Monday. 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 firm’s 50-day moving average is $80.16 and its 200-day moving average is $105.53. Dollar General has a 52-week low of $72.12 and a 52-week high of $168.07. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.26 and a beta of 0.45.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS 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 return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 EPS. Equities research analysts anticipate that Dollar General will post 5.85 earnings per share for the current year.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dollar General

Several institutional investors have recently modified their holdings of DG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General during the second quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General in the 3rd quarter valued at $33,000. Studio Investment Management LLC increased its position in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at $37,000. Finally, TruNorth Capital Management LLC acquired a new stake in Dollar General during the 2nd quarter worth $39,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.