Dollar General (NYSE:DG) PT Lowered to $170.00

Dollar General (NYSE:DG) had its price objective dropped by research analysts at Argus from $175.00 to $170.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Argus’ price objective indicates a potential upside of 33.35% from the stock’s previous close.

DG has been the topic of several other reports. Piper Sandler decreased their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. JPMorgan Chase & Co. decreased their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Loop Capital upped their price objective on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a report on Thursday, May 30th. Finally, BMO Capital Markets decreased their price objective on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and an average target price of $147.86.

Dollar General Stock Performance

NYSE:DG opened at $127.48 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm has a market capitalization of $28.03 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.60 and a beta of 0.43. The company’s 50-day moving average is $133.00 and its two-hundred day moving average is $139.81. Dollar General has a 1-year low of $101.09 and a 1-year high of $173.47.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. Dollar General’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.34 EPS. Analysts forecast that Dollar General will post 7.21 EPS for the current year.

Institutional Investors Weigh In On Dollar General

A number of large investors have recently modified their holdings of DG. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General in the 4th quarter valued at $25,000. Burkett Financial Services LLC purchased a new position in shares of Dollar General in the 4th quarter valued at $26,000. Fortis Group Advisors LLC grew its position in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Bank & Trust Co purchased a new position in shares of Dollar General in the 2nd quarter valued at $26,000. Finally, MV Capital Management Inc. grew its position in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares during the last quarter. 91.77% of the stock is 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.