Dollar General (NYSE:DG) Price Target Cut to $100.00 by Analysts at Barclays

Dollar General (NYSE:DG) had its price target reduced by equities research analysts at Barclays from $102.00 to $100.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 39.61% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Truist Financial lowered their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. HSBC cut their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Evercore ISI decreased their price objective on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Finally, Bernstein Bank dropped their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.18.

Dollar General Stock Down 3.4 %

NYSE DG traded down $2.54 on Thursday, hitting $71.63. The stock had a trading volume of 5,782,211 shares, compared to its average volume of 3,681,010. The business’s fifty day moving average price is $76.88 and its 200 day moving average price is $94.52. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General has a 52-week low of $70.15 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. Equities research analysts anticipate that Dollar General will post 5.77 earnings per share for the current year.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were 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 of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar General

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DG. First Hawaiian Bank purchased a new stake in shares of Dollar General in the 4th quarter valued at approximately $218,000. Peoples Bank KS grew its position in Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock worth $109,000 after acquiring an additional 230 shares during the period. GAMMA Investing LLC increased its stake in Dollar General by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 4,932 shares of the company’s stock worth $374,000 after acquiring an additional 1,933 shares during the last quarter. Principal Financial Group Inc. raised its position in Dollar General by 2.6% in the third quarter. Principal Financial Group Inc. now owns 253,053 shares of the company’s stock valued at $21,401,000 after purchasing an additional 6,372 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL purchased a new position in shares of Dollar General during the 3rd quarter worth $263,000. Institutional investors and hedge funds 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.