Evercore ISI Has Lowered Expectations for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG - Get Free Report) had its price target cut by research analysts at Evercore ISI from $101.00 to $97.00 in a research note issued to investors on Friday. The brokerage currently has a "hold" rating on the stock. Evercore ISI's price objective would suggest a potential upside of 27.83% from the stock's current price.

DG has been the subject of a number of other reports. Telsey Advisory Group cut shares of Dollar General from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. Gordon Haskett raised Dollar General from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. BMO Capital Markets decreased their target price on Dollar General from $130.00 to $90.00 and set a "market perform" rating for the company in a research report on Friday, August 30th. Truist Financial reduced their price target on shares of Dollar General from $135.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, August 26th. Finally, The Goldman Sachs Group dropped their target price on shares of Dollar General from $169.00 to $122.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Two equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $104.45.

Dollar General Trading Down 1.5 %

Shares of DG traded down $1.17 during mid-day trading on Friday, hitting $75.88. 3,704,309 shares of the company's stock traded hands, compared to its average volume of 3,199,770. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $16.69 billion, a P/E ratio of 11.78, a PEG ratio of 2.24 and a beta of 0.45. The business's 50-day moving average price is $81.85 and its 200-day moving average price is $110.38. Dollar General has a 1 year low of $73.51 and a 1 year high of $168.07.

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

Insider Activity at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $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 accessible through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the firm's stock in a transaction on 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. The trade was a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital International Investors boosted its position in Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company's stock valued at $3,244,491,000 after acquiring an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Dollar General by 11.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company's stock valued at $3,155,141,000 after buying an additional 2,031,593 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock valued at $865,903,000 after buying an additional 8,388,735 shares in the last quarter. State Street Corp grew its position in shares of Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after buying an additional 759,869 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Dollar General by 3.6% during the 3rd 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 in the last quarter. 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.