Wells Fargo & Company Lowers Dollar General (NYSE:DG) Price Target to $80.00

Dollar General (NYSE:DG) had its price target dropped by equities research analysts at Wells Fargo & Company from $90.00 to $80.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 1.98% from the stock’s current price.

Several other brokerages also recently weighed in on DG. Morgan Stanley downgraded shares of Dollar General from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Truist Financial decreased 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. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their price target for the company from $91.00 to $73.00 in a report on Friday, September 27th. The Goldman Sachs Group lowered their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Telsey Advisory Group dropped their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.27.

Dollar General Stock Performance

NYSE:DG opened at $81.62 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General has a fifty-two week low of $72.12 and a fifty-two week high of $168.07. The business has a 50 day moving average price of $79.63 and a 200-day moving average price of $104.26. The firm has a market cap of $17.95 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 2.31 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. Equities research analysts predict that Dollar General will post 5.85 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Warren F. Bryant bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price 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. The trade was a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the 3rd quarter valued at about $33,000. Studio Investment Management LLC increased its holdings in Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after acquiring an additional 153 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Dollar General in the second quarter valued at about $37,000. TruNorth Capital Management LLC purchased a new stake in shares of Dollar General during the second quarter worth about $39,000. Finally, Quarry LP acquired a new position in shares of Dollar General during the 2nd quarter worth about $46,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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.