Dollar General (NYSE:DG) PT Lowered to $102.00

Dollar General (NYSE:DG) had its price target lowered by research analysts at Barclays from $154.00 to $102.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 25.80% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Argus dropped their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. BMO Capital Markets lowered their price objective on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Friday, August 30th. Truist Financial lowered their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $113.95.

Dollar General Price Performance

Shares of NYSE:DG opened at $81.08 on Tuesday. The firm’s 50 day moving average is $119.37 and its two-hundred day moving average is $134.96. Dollar General has a 52 week low of $79.36 and a 52 week high of $168.07. The firm has a market capitalization of $17.83 billion, a P/E ratio of 11.80, a PEG ratio of 2.25 and a beta of 0.43. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the business posted $2.13 EPS. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts anticipate that Dollar General will post 6.45 earnings per share for the current year.

Institutional Investors Weigh In On Dollar General

Institutional investors have recently modified their holdings of the stock. Burkett Financial Services LLC acquired a new stake in shares of Dollar General during the 4th quarter valued at $26,000. Fortis Group Advisors LLC boosted its stake in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Bank & Trust Co bought a new position in shares of Dollar General during the 2nd quarter valued at $26,000. Salem Investment Counselors Inc. raised its holdings in shares of Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General during the 2nd quarter valued at $33,000. 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.