JPMorgan Chase & Co. Has Lowered Expectations for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its target price decreased by research analysts at JPMorgan Chase & Co. from $97.00 to $82.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 5.94% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets reduced their price objective on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Truist Financial dropped their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Wells Fargo & Company decreased their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Argus lowered their price objective on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Finally, Sanford C. Bernstein initiated coverage on Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.05.

Dollar General Stock Performance

NYSE:DG opened at $77.40 on Tuesday. The firm has a market capitalization of $17.02 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.39 and a beta of 0.45. Dollar General has a 12 month low of $77.22 and a 12 month high of $168.07. 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 business’s fifty day moving average price is $82.68 and its 200 day moving average price is $113.38.

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). 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 period last year, the firm earned $2.13 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar General will post 5.86 earnings per share for the current fiscal year.

Insider Activity at Dollar General

In other news, 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated 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 directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares in the company, valued at $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar General

Several large investors have recently made changes to their positions in DG. Sather Financial Group Inc raised its stake in Dollar General by 78.5% in the 3rd quarter. Sather Financial Group Inc now owns 490,168 shares of the company’s stock valued at $41,454,000 after acquiring an additional 215,507 shares during the period. Kinsale Capital Group Inc. lifted its stake in Dollar General by 24.8% during the third quarter. Kinsale Capital Group Inc. now owns 33,403 shares of the company’s stock worth $2,825,000 after purchasing an additional 6,645 shares during the last quarter. Empowered Funds LLC lifted its stake in Dollar General by 53.9% in the 3rd quarter. Empowered Funds LLC now owns 29,150 shares of the company’s stock valued at $2,465,000 after purchasing an additional 10,213 shares during the last quarter. Empirical Finance LLC raised its position in Dollar General by 2.0% in the third quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after purchasing an additional 153 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Dollar General by 6.3% during the third quarter. CIBC Asset Management Inc now owns 34,078 shares of the company’s stock worth $2,882,000 after purchasing an additional 2,029 shares during the period. Institutional investors and hedge funds 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.