UBS Group Cuts Dollar General (NYSE:DG) Price Target to $95.00

Dollar General (NYSE:DG) had its target price cut by stock analysts at UBS Group from $108.00 to $95.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 25.52% from the company’s current price.

Several other research firms have also recently weighed in on DG. The Goldman Sachs Group cut their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Truist Financial lowered their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a report on Monday. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $95.26.

Dollar General Price Performance

Shares of NYSE:DG traded up $1.99 during trading on Thursday, reaching $75.69. 625,980 shares of the company traded hands, compared to its average volume of 3,375,781. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General has a 52 week low of $66.43 and a 52 week high of $168.07. The firm has a market capitalization of $16.65 billion, a PE ratio of 12.47, a PEG ratio of 2.18 and a beta of 0.44. The company’s 50 day moving average is $73.20 and its two-hundred day moving average is $80.23.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 earnings per share. As a group, sell-side analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % 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 institutional investors have recently made changes to their positions in the stock. IMG Wealth Management Inc. bought a new position in Dollar General in the fourth quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in shares of Dollar General in the 4th quarter worth about $25,000. Ameriflex Group Inc. bought a new position in shares of Dollar General during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter worth approximately $33,000. Finally, Providence First Trust Co purchased a new stake in Dollar General in the fourth quarter worth approximately $33,000. Institutional investors own 91.77% of the company’s stock.

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.