Bank of America Lowers Dollar General (NYSE:DG) Price Target to $90.00

Dollar General (NYSE:DG) had its price objective reduced by investment analysts at Bank of America from $95.00 to $90.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target would suggest a potential upside of 12.46% from the stock’s current price.

A number of other brokerages also recently weighed in on DG. Telsey Advisory Group restated a “market perform” rating and set a $85.00 target price on shares of Dollar General in a report on Thursday. Morgan Stanley dropped their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, UBS Group cut their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Stock Up 6.9 %

Shares of DG opened at $80.03 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company has a market capitalization of $17.60 billion, a P/E ratio of 13.18, a PEG ratio of 2.18 and a beta of 0.44. The business’s 50 day simple moving average is $73.61 and its 200-day simple moving average is $78.70. Dollar General has a one year low of $66.43 and a one year high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts predict that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Hedge funds have recently added to or reduced their stakes in the business. Probity Advisors Inc. bought a new stake in shares of Dollar General in the fourth quarter worth $265,000. Birmingham Capital Management Co. Inc. AL grew its position in shares of Dollar General by 714.4% in the 4th quarter. Birmingham Capital Management Co. Inc. AL now owns 25,370 shares of the company’s stock valued at $1,924,000 after buying an additional 22,255 shares during the last quarter. Siemens Fonds Invest GmbH increased its stake in shares of Dollar General by 390.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 12,429 shares of the company’s stock valued at $942,000 after buying an additional 9,897 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Dollar General during the fourth quarter worth about $12,114,000. Finally, Employees Retirement System of Texas lifted its stake in shares of Dollar General by 61.9% in the fourth quarter. Employees Retirement System of Texas now owns 71,070 shares of the company’s stock worth $5,389,000 after acquiring an additional 27,170 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.