Dollar General (NYSE:DG) PT Lowered to $158.00 at Evercore ISI

Dollar General (NYSE:DG) had its price objective lowered by equities researchers at Evercore ISI from $165.00 to $158.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price target would indicate a potential upside of 1.44% from the company’s previous close.

A number of other research firms have also recently issued reports on DG. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Truist Financial increased their target price on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday. The Goldman Sachs Group upped their price objective on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Finally, Citigroup increased their price objective on Dollar General from $115.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, December 8th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $155.28.

Dollar General Price Performance

Shares of DG traded up $3.81 during mid-day trading on Friday, reaching $155.76. The company had a trading volume of 2,744,417 shares, compared to its average volume of 2,523,079. The company’s 50 day simple moving average is $140.46 and its 200 day simple moving average is $128.17. The company has a market capitalization of $34.19 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 2.83 and a beta of 0.41. Dollar General has a 1-year low of $101.09 and a 1-year high of $222.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.13 and a current ratio of 1.19.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the company earned $2.96 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that Dollar General will post 7.33 EPS for the current year.

Institutional Investors Weigh In On Dollar General

A number of large investors have recently added to or reduced their stakes in DG. Fiduciary Trust Co. raised its holdings in shares of Dollar General by 0.7% in the 1st quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock valued at $1,866,000 after purchasing an additional 64 shares in the last quarter. SevenOneSeven Capital Management boosted its position in Dollar General by 5.4% during the second quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock valued at $207,000 after purchasing an additional 64 shares in the last quarter. Kinneret Advisory LLC grew its stake in Dollar General by 2.3% in the first quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock valued at $647,000 after purchasing an additional 65 shares during the last quarter. Cito Capital Group LLC raised its holdings in Dollar General by 2.5% in the first quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock worth $652,000 after purchasing an additional 75 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of Dollar General by 7.6% in the 4th quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock worth $286,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 90.37% 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.