Dollar General (NYSE:DG) Price Target Cut to $90.00 by Analysts at Bank of America

Dollar General (NYSE:DG) had its price target reduced by Bank of America from $95.00 to $90.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on DG. BMO Capital Markets lifted their price target on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. UBS Group lowered their price target on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Bernstein Bank reduced their price objective on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Finally, Citigroup lowered their target price on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.26.

Dollar General Stock Down 1.0 %

DG opened at $79.15 on Friday. Dollar General has a 52 week low of $66.43 and a 52 week high of $164.12. The business has a 50 day moving average price of $73.69 and a two-hundred day moving average price of $78.39. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $17.41 billion, a PE ratio of 13.04, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.98%. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Insider Buying and Selling at Dollar General

In other news, 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 completion of the transaction, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar General

Institutional investors have recently bought and sold shares of the stock. Metis Global Partners LLC increased its stake in Dollar General by 2.0% during the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after acquiring an additional 135 shares during the last quarter. Studio Investment Management LLC increased its position in Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock worth $75,000 after purchasing an additional 139 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock valued at $143,000 after buying an additional 150 shares during the period. Empirical Finance LLC lifted its position in Dollar General by 2.0% during the third quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after buying an additional 153 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after buying an additional 161 shares during the period. 91.77% of the stock is currently 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.