Dollar General (NYSE:DG) Given New $148.00 Price Target at Evercore ISI

Dollar General (NYSE:DG) had its target price decreased by research analysts at Evercore ISI from $151.00 to $148.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 14.82% from the company’s previous close.

Several other brokerages have also recently commented on DG. The Goldman Sachs Group boosted their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Loop Capital boosted their target price on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets cut their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Finally, Morgan Stanley increased their target price on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $148.09.

Dollar General Price Performance

Shares of NYSE DG traded down $1.68 during mid-day trading on Tuesday, reaching $128.90. The company’s stock had a trading volume of 207,174 shares, compared to its average volume of 2,467,395. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. Dollar General has a 52 week low of $101.09 and a 52 week high of $173.47. The stock has a fifty day moving average of $135.77 and a two-hundred day moving average of $140.07. The firm has a market capitalization of $28.35 billion, a PE ratio of 18.76, a P/E/G ratio of 2.60 and a beta of 0.43.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.34 EPS. As a group, sell-side analysts anticipate that Dollar General will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar General

Institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General during the fourth quarter valued at $25,000. Studio Investment Management LLC purchased a new position in shares of Dollar General in the 3rd quarter valued at about $26,000. Burkett Financial Services LLC acquired a new position in Dollar General in the 4th quarter worth about $26,000. Fortis Group Advisors LLC boosted its position in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. grew its stake in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the period. 91.77% of the stock is owned by hedge funds and other 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.