Telsey Advisory Group Has Lowered Expectations for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price objective decreased by Telsey Advisory Group from $103.00 to $90.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 16.47% from the stock’s current price.

A number of other equities research analysts also recently weighed in on DG. Loop Capital cut their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. HSBC reduced their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. UBS Group dropped their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company reduced their price objective on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 27th. Finally, Melius Research assumed coverage on Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.41.

Dollar General Trading Up 1.3 %

Dollar General stock opened at $77.27 on Monday. Dollar General has a 12-month low of $72.12 and a 12-month high of $168.07. The stock has a market capitalization of $16.99 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45. The firm has a 50 day simple moving average of $80.16 and a 200-day simple moving average of $105.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the prior year, the firm posted $2.13 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that Dollar General will post 5.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dollar General news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares in the company, valued at $3,298,812. This trade represents a 1.23 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This 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.

Institutional Investors Weigh In On Dollar General

Several institutional investors and hedge funds have recently added to or reduced their stakes in DG. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General during the 2nd quarter worth $33,000. Studio Investment Management LLC boosted its holdings in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares during the period. TruNorth Capital Management LLC bought a new stake in Dollar General during the second quarter valued at about $39,000. Quarry LP bought a new position in shares of Dollar General in the second quarter worth about $46,000. Finally, Pathway Financial Advisers LLC lifted its position in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.