Dollar General (NYSE:DG) Price Target Cut to $83.00 by Analysts at Truist Financial

Dollar General (NYSE:DG - Get Free Report) had its price target lowered by investment analysts at Truist Financial from $94.00 to $83.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "hold" rating on the stock. Truist Financial's target price indicates a potential upside of 1.73% from the stock's current price.

Several other brokerages have also issued reports on DG. Sanford C. Bernstein initiated coverage on Dollar General in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 target price for the company. UBS Group decreased their target price on shares of Dollar General from $155.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, August 30th. Loop Capital dropped their price target on shares of Dollar General from $130.00 to $90.00 and set a "hold" rating on the stock in a research report on Friday, August 30th. Bank of America upgraded Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 target price on the stock in a report on Friday. Finally, Daiwa America cut Dollar General from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $98.27.

Dollar General Price Performance

DG stock traded up $1.99 during trading on Friday, reaching $81.59. 6,926,885 shares of the company were exchanged, compared to its average volume of 3,770,983. Dollar General has a twelve month low of $72.12 and a twelve month 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 has a market capitalization of $17.94 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 2.33 and a beta of 0.44. The company has a 50-day moving average of $79.63 and a two-hundred day moving average of $104.26.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate 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 net margin of 3.57% and a return on equity of 20.62%. The company's revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. As a group, equities analysts predict that Dollar General will post 5.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now owns 42,030 shares of the company's stock, valued at $3,397,284.90. This represents a 2.44 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Dollar General

Institutional investors and hedge funds have recently bought and sold shares of the stock. Studio Investment Management LLC raised its position in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company's stock valued at $37,000 after buying an additional 153 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in Dollar General during the second quarter valued at about $39,000. Quarry LP bought a new stake in Dollar General during the second quarter worth about $46,000. Pathway Financial Advisers LLC boosted its stake in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock worth $50,000 after buying an additional 88 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General during the third quarter worth approximately $33,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

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.