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

Dollar General (NYSE:DG) had its target price lowered by Evercore ISI from $101.00 to $97.00 in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Evercore ISI’s target price suggests a potential upside of 28.00% from the stock’s previous close.

DG has been the subject of several other research reports. Truist Financial decreased their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Loop Capital lowered their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Bank of America cut their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. JPMorgan Chase & Co. dropped their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.45.

Dollar General Trading Down 1.6 %

DG stock traded down $1.27 during mid-day trading on Friday, reaching $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 company has a market cap of $16.66 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. Dollar General has a 12 month low of $73.51 and a 12 month high of $168.07. The business’s 50 day moving average price is $81.98 and its 200 day moving average price 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 (NYSE:DG) last announced its quarterly earnings data 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 company had revenue of $10.21 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 EPS. On average, equities research analysts predict that Dollar General will post 5.86 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Dollar General

A number of hedge funds have recently modified their holdings of DG. Bank & Trust Co purchased a new position in shares of Dollar General in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General in the 2nd quarter valued at about $33,000. Crewe Advisors LLC bought a new stake in Dollar General during the first quarter worth approximately $40,000. Studio Investment Management LLC raised its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Dollar General in the 1st quarter valued at approximately $45,000. 91.77% of the stock is currently owned by institutional investors.

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.