Dollar General (NYSE:DG) Price Target Lowered to $94.00 at Bernstein Bank

Dollar General (NYSE:DG - Get Free Report) had its target price cut by equities research analysts at Bernstein Bank from $98.00 to $94.00 in a report released on Friday. Bernstein Bank's price objective would indicate a potential upside of 23.88% from the stock's previous close.

Other equities research analysts also recently issued research reports about the stock. Loop Capital reduced their price objective 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. UBS Group decreased their price target on Dollar General from $155.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Melius Research began coverage on Dollar General in a research report on Monday, September 23rd. They issued a "hold" rating and a $85.00 price objective for the company. BMO Capital Markets reduced their target price on Dollar General from $130.00 to $90.00 and set a "market perform" rating for the company in a report on Friday, August 30th. Finally, Sanford C. Bernstein assumed coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 price target on the stock. Two research 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.45.

Dollar General Stock Performance

Shares of DG stock traded down $1.17 during midday trading on Friday, hitting $75.88. The company had a trading volume of 3,704,309 shares, compared to its average volume of 3,199,770. Dollar General has a 52-week low of $73.51 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company's 50 day simple moving average is $81.85 and its 200 day simple moving average is $110.38. The stock has a market cap of $16.69 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.24 and a beta of 0.45.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the firm posted $2.13 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Dollar General will post 5.86 earnings per share for the current fiscal year.

Insider Transactions at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company's stock, valued at $762,819.75. The trade was a 21.50 % 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 Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value 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 trade represents a 41.05 % 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

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock worth $441,899,000 after acquiring an additional 182,300 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Dollar General by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 64,316 shares of the company's stock worth $5,439,000 after purchasing an additional 3,493 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Dollar General in the third quarter valued at approximately $2,014,000. First National Bank of Omaha lifted its position in Dollar General by 23.9% during the third quarter. First National Bank of Omaha now owns 66,736 shares of the company's stock valued at $5,644,000 after buying an additional 12,863 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in Dollar General by 6.1% during the third quarter. XTX Topco Ltd now owns 23,839 shares of the company's stock worth $2,016,000 after buying an additional 1,360 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

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.