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

Dollar General (NYSE:DG) had its price target decreased by research analysts at The Goldman Sachs Group from $104.00 to $93.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 29.34% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Friday, December 6th. BMO Capital Markets raised their price target on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Telsey Advisory Group decreased their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Finally, Jefferies Financial Group decreased their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average price target of $96.77.

Dollar General Stock Up 0.8 %

DG opened at $71.91 on Thursday. The firm has a 50 day moving average price of $75.08 and a 200 day moving average price of $90.28. The company has a market cap of $15.81 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. Dollar General has a 1 year low of $66.43 and a 1 year high of $168.07. 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 issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business earned $1.26 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Sell-side analysts expect that Dollar General will post 5.75 earnings per share for the current year.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction 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 approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % 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 company insiders.

Institutional Investors Weigh In On Dollar General

Several institutional investors have recently made changes to their positions in the company. Greenleaf Trust lifted its holdings in shares of Dollar General by 5.1% during the 4th quarter. Greenleaf Trust now owns 104,557 shares of the company’s stock valued at $7,928,000 after buying an additional 5,089 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares during the last quarter. Caprock Group LLC acquired a new stake in Dollar General in the 4th quarter worth approximately $382,000. New Wave Wealth Advisors LLC acquired a new stake in Dollar General in the 4th quarter worth approximately $173,000. Finally, Mediolanum International Funds Ltd lifted its holdings in Dollar General by 698.0% in the 4th quarter. Mediolanum International Funds Ltd now owns 259,271 shares of the company’s stock worth $19,576,000 after purchasing an additional 226,779 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.