Evercore ISI Trims Dollar General (NYSE:DG) Target Price to $105.00

Dollar General (NYSE:DG) had its price objective cut by Evercore ISI from $115.00 to $105.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

A number of other analysts also recently weighed in on DG. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. Argus lowered their price target on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Barclays reduced their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, Melius Research began coverage on Dollar General in a report on Monday, September 23rd. They issued a “hold” rating and a $85.00 target price on the stock. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.84.

Dollar General Stock Performance

NYSE:DG opened at $81.41 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The firm’s fifty day moving average price is $91.23 and its 200 day moving average price is $118.19. Dollar General has a 1-year low of $77.96 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same quarter last year, the firm earned $2.13 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts expect that Dollar General will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.90%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Insider Transactions at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

A number of large investors have recently added to or reduced their stakes in the company. Bank & Trust Co purchased a new position in Dollar General in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General in the second quarter worth about $33,000. Crewe Advisors LLC acquired a new stake in Dollar General during the 1st quarter valued at approximately $40,000. Studio Investment Management LLC increased its holdings in Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Dollar General during the 1st quarter valued at approximately $45,000. 91.77% of the stock is owned by institutional investors and hedge funds.

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.