Dollar General (NYSE:DG) Stock Price Expected to Rise, Evercore ISI Analyst Says

Dollar General (NYSE:DG) had its price target lifted by investment analysts at Evercore ISI from $100.00 to $105.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price target suggests a potential downside of 4.66% from the company’s current price.

DG has been the topic of several other research reports. The Goldman Sachs Group lowered Dollar General from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Sanford C. Bernstein boosted their price objective on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Loop Capital decreased their target price on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Monday, November 24th. Finally, Barclays boosted their price target on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $117.82.

Dollar General Trading Up 0.1%

DG opened at $110.13 on Tuesday. The stock has a market capitalization of $24.24 billion, a PE ratio of 20.39, a P/E/G ratio of 2.69 and a beta of 0.27. Dollar General has a one year low of $66.43 and a one year high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The business’s 50 day moving average price is $102.63 and its 200 day moving average price is $107.07.

Institutional Trading of Dollar General

Hedge funds have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dollar General in the 2nd quarter valued at approximately $25,000. Caldwell Trust Co purchased a new stake in shares of Dollar General during the 2nd quarter worth $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Dollar General during the second quarter worth $26,000. Root Financial Partners LLC purchased a new position in Dollar General in the third quarter valued at $26,000. Finally, Peoples Financial Services CORP. purchased a new position in Dollar General in the third quarter valued at $35,000. 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.