Dollar General (NYSE:DG) Price Target Cut to $93.00 by Analysts at The Goldman Sachs Group

Dollar General (NYSE:DG) had its price target decreased by investment analysts at The Goldman Sachs Group from $104.00 to $93.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 32.43% from the stock’s previous close.

DG has been the topic of a number of other research reports. Truist Financial dropped their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Friday, December 6th. Barclays decreased their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Finally, BMO Capital Markets boosted their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $96.77.

Dollar General Price Performance

Shares of DG stock traded down $0.49 during mid-day trading on Thursday, reaching $70.23. The stock had a trading volume of 481,809 shares, compared to its average volume of 3,874,630. Dollar General has a 12-month low of $66.43 and a 12-month high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The business has a 50-day simple moving average of $75.19 and a 200 day simple moving average of $90.41. The company has a market cap of $15.45 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 2.14 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its earnings results 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 firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. On average, sell-side analysts anticipate that Dollar General will post 5.75 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was 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 currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar General

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eagle Rock Investment Company LLC increased its stake in shares of Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after buying an additional 4,048 shares in the last quarter. 1834 Investment Advisors Co. bought a new position in shares of Dollar General during the 3rd quarter valued at about $5,650,000. Leibman Financial Services Inc. acquired a new position in shares of Dollar General during the fourth quarter worth about $2,018,000. Lecap Asset Management Ltd. increased its position in shares of Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after buying an additional 64,336 shares during the last quarter. 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.