Dollar General (NYSE:DG) Given New $93.00 Price Target at The Goldman Sachs Group

Dollar General (NYSE:DG) had its price objective cut by equities research analysts at The Goldman Sachs Group from $104.00 to $93.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 32.43% from the stock’s current price.

Several other brokerages also recently commented on DG. Morgan Stanley dropped their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Bernstein Bank dropped their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Evercore ISI cut their price target on 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, Wells Fargo & Company cut their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $96.77.

Dollar General Stock Performance

NYSE:DG traded down $0.49 during mid-day trading on Thursday, reaching $70.23. 481,809 shares of the company’s stock were exchanged, compared to its average volume of 3,874,630. The business’s fifty day simple moving average is $75.19 and its two-hundred day simple moving average is $90.41. Dollar General has a one year low of $66.43 and a one year high of $168.07. The firm has a market capitalization of $15.45 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 2.14 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 18.85% and a net margin of 3.33%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 earnings per share. Analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter worth approximately $33,000. Quarry LP purchased a new position in shares of Dollar General during the 2nd quarter worth $46,000. Pathway Financial Advisers LLC grew 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 valued at $50,000 after acquiring an additional 88 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Dollar General in the 3rd quarter worth $57,000. Finally, Bruce G. Allen Investments LLC lifted its position in Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares in the last quarter. 91.77% of the stock is 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.