Bank of America Issues Pessimistic Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target decreased by equities researchers at Bank of America from $95.00 to $90.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target would suggest a potential upside of 13.71% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company cut their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Morgan Stanley cut their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Citigroup dropped their target price on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a report on Friday, March 7th. UBS Group dropped their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a report on Thursday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $92.26.

Dollar General Trading Down 1.0 %

Shares of NYSE:DG opened at $79.15 on Friday. The company’s 50-day moving average price is $73.69 and its two-hundred day moving average price is $78.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General has a one year low of $66.43 and a one year high of $164.12. The stock has a market capitalization of $17.41 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar General

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Dollar General during the 4th quarter valued at about $57,000. Eagle Rock Investment Company LLC boosted its position in shares of Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. bought a new stake in shares of Dollar General during the 4th quarter valued at about $2,018,000. Victory Capital Management Inc. boosted its position in shares of Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after purchasing an additional 64,336 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its position in shares of Dollar General by 5,624.9% during the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after purchasing an additional 316,005 shares in the last quarter. 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.