Truist Financial Lowers Dollar General (NYSE:DG) Price Target to $83.00

Dollar General (NYSE:DG) had its price target reduced by investment analysts at Truist Financial from $94.00 to $83.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 1.73% from the stock’s current price.

Other analysts have also issued reports about the stock. Wells Fargo & Company reduced their price objective 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. Evercore ISI decreased their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Barclays dropped their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. UBS Group decreased their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Morgan Stanley cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $170.00 to $100.00 in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $98.27.

Dollar General Trading Up 2.5 %

Shares of DG stock opened at $81.59 on Friday. The company has a market cap of $17.94 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44. Dollar General has a 1 year low of $72.12 and a 1 year high of $168.07. The stock’s 50 day simple moving average is $79.52 and its two-hundred day simple moving average is $103.60. 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 (NYSE:DG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Dollar General will post 5.78 earnings per share for the current year.

Insider Transactions at Dollar General

In other Dollar General news, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. This trade represents a 2.44 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the 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 approximately $250,187.42. This represents a 41.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

A number of large investors have recently modified their holdings of DG. Franklin Resources Inc. boosted its stake in Dollar General by 17.6% in the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock worth $5,517,000 after purchasing an additional 10,333 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Dollar General by 25.4% during the third quarter. Tidal Investments LLC now owns 17,315 shares of the company’s stock valued at $1,464,000 after buying an additional 3,504 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the 3rd quarter worth about $33,000. Anchor Investment Management LLC increased its holdings in shares of Dollar General by 8.3% in the third quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,333 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Dollar General by 21.6% in the third quarter. TD Private Client Wealth LLC now owns 9,007 shares of the company’s stock worth $762,000 after purchasing an additional 1,598 shares during the last quarter. Hedge funds and other 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.