Dollar General (NYSE:DG) Given New $80.00 Price Target at BMO Capital Markets

Dollar General (NYSE:DG) had its price objective lowered by analysts at BMO Capital Markets from $90.00 to $80.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 3.16% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. The Goldman Sachs Group cut their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. lowered their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Melius Research initiated coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a “hold” rating and a $85.00 target price for the company. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $104.00.

Dollar General Stock Performance

Shares of DG stock traded up $1.67 on Monday, hitting $77.55. 938,267 shares of the stock traded hands, compared to its average volume of 3,189,637. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General has a 1-year low of $73.51 and a 1-year high of $168.07. The company’s fifty day moving average is $81.85 and its 200 day moving average is $109.99. The company has a market capitalization of $17.05 billion, a PE ratio of 12.04, a PEG ratio of 2.22 and a beta of 0.45.

Dollar General (NYSE:DG) last released 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). The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 EPS. On average, equities research analysts predict that Dollar General will post 5.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dollar General news, Director Warren F. Bryant bought 500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The trade was a 1.23 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This represents a 41.05 % 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.

Hedge Funds Weigh In On Dollar General

Large investors have recently added to or reduced their stakes in the company. Bank & Trust Co acquired a new stake in shares of Dollar General in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General during the second quarter worth approximately $33,000. Studio Investment Management LLC grew its position in shares of Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Dollar General during the second quarter worth approximately $37,000. Finally, TruNorth Capital Management LLC acquired a new stake in Dollar General during the 2nd quarter worth approximately $39,000. Institutional investors own 91.77% of the company’s stock.

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.