Dollar General (NYSE:DG) Price Target Lowered to $95.00 at Evercore ISI

Dollar General (NYSE:DG) had its target price lowered by investment analysts at Evercore ISI from $97.00 to $95.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target points to a potential upside of 20.77% from the stock’s previous close.

A number of other analysts have also weighed in on DG. JPMorgan Chase & Co. decreased their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Raymond James lowered their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. UBS Group cut their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Loop Capital dropped their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, Bank of America dropped their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.32.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.87 during midday trading on Tuesday, hitting $78.66. The company’s stock had a trading volume of 633,938 shares, compared to its average volume of 3,211,804. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 2.26 and a beta of 0.44. 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 stock has a fifty day moving average price of $80.16 and a 200 day moving average price of $105.53. Dollar General has a one year low of $72.12 and a one year high of $168.07.

Insiders Place Their Bets

In related news, Director Warren F. Bryant bought 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

A number of institutional investors and hedge funds have recently made changes to their positions in DG. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General during the second quarter worth $33,000. Studio Investment Management LLC lifted its holdings in 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 acquiring an additional 153 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in Dollar General in the second quarter worth approximately $39,000. Quarry LP acquired a new stake in Dollar General during the 2nd quarter worth about $46,000. Finally, Pathway Financial Advisers LLC boosted its stake in Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the period. 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.