Evercore ISI Lowers Dollar General (NYSE:DG) Price Target to $95.00

Dollar General (NYSE:DG) had its target price lowered by equities researchers at Evercore ISI from $97.00 to $95.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential upside of 19.33% from the stock’s previous close.

Several other brokerages have also recently commented on DG. Loop Capital lowered their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. BMO Capital Markets lowered their price target on shares of Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a research report on Monday, November 18th. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Melius Research began coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.32.

Dollar General Trading Up 0.7 %

Shares of NYSE DG opened at $79.61 on Tuesday. Dollar General has a 1-year low of $72.12 and a 1-year high of $168.07. The company has a market cap of $17.51 billion, a PE ratio of 12.36, a P/E/G ratio of 2.28 and a beta of 0.44. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $79.78 and a two-hundred day moving average of $104.43.

Insider Activity

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Warren F. Bryant acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the transaction, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

A number of institutional investors have recently made changes to their positions in the business. Pullen Investment Management LLC lifted its position in shares of Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after purchasing an additional 87 shares in the last quarter. Pathway Financial Advisers LLC raised its position in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after acquiring an additional 88 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its position in Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after acquiring an additional 103 shares in the last quarter. Wedbush Securities Inc. raised its position in Dollar General by 7.3% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock worth $220,000 after acquiring an additional 113 shares in the last quarter. Finally, Lummis Asset Management LP raised its position in Dollar General by 1.2% during the second quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock worth $1,245,000 after acquiring an additional 115 shares in the last quarter. Institutional investors 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.