Dollar General (NYSE:DG) Given New $95.00 Price Target at UBS Group

Dollar General (NYSE:DG) had its price objective lowered by UBS Group from $108.00 to $95.00 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the stock. Telsey Advisory Group dropped their target price on shares of Dollar General from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday. Jefferies Financial Group dropped their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. Truist Financial dropped their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley dropped their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.26.

Dollar General Stock Performance

Shares of DG opened at $76.13 on Thursday. The company has a 50-day simple moving average of $73.21 and a 200-day simple moving average of $80.20. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $16.74 billion, a PE ratio of 12.54, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General has a 52-week low of $66.43 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last announced 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 net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that Dollar General will post 5.75 earnings per share for the current fiscal year.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Dollar General

Several institutional investors have recently bought and sold shares of the business. Probity Advisors Inc. purchased a new stake in Dollar General during the fourth quarter worth approximately $265,000. Birmingham Capital Management Co. Inc. AL grew its stake in Dollar General by 714.4% during the fourth quarter. Birmingham Capital Management Co. Inc. AL now owns 25,370 shares of the company’s stock worth $1,924,000 after buying an additional 22,255 shares during the period. Siemens Fonds Invest GmbH grew its stake in Dollar General by 390.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 12,429 shares of the company’s stock worth $942,000 after buying an additional 9,897 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Dollar General during the fourth quarter worth approximately $12,114,000. Finally, Employees Retirement System of Texas grew its stake in Dollar General by 61.9% during the fourth quarter. Employees Retirement System of Texas now owns 71,070 shares of the company’s stock worth $5,389,000 after buying an additional 27,170 shares during the period. 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.