Dollar General (NYSE:DG) PT Lowered to $245.00

Posted by AM Reporter Staff on Mar 19th, 2023

Dollar General (NYSE:DG – Get Rating) had its price objective lowered by research analysts at Wells Fargo & Company from $275.00 to $245.00 in a report issued on Friday, The Fly reports. Wells Fargo & Company‘s price objective points to a potential upside of 17.32% from the company’s previous close.

Several other equities analysts have also commented on the stock. Morgan Stanley lowered their price target on shares of Dollar General from $255.00 to $235.00 and set an “overweight” rating for the company in a research report on Friday, February 24th. BMO Capital Markets decreased their target price on shares of Dollar General from $265.00 to $255.00 in a research report on Friday, December 2nd. Evercore ISI decreased their target price on shares of Dollar General to $265.00 in a research report on Friday, December 2nd. Gordon Haskett lowered shares of Dollar General from an “accumulate” rating to a “hold” rating and decreased their target price for the company from $230.00 to $220.00 in a research report on Friday. Finally, Piper Sandler decreased their target price on shares of Dollar General from $288.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, February 28th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $250.50.

Dollar General Stock Down 1.5 %

Shares of NYSE:DG opened at $208.83 on Friday. The stock has a market capitalization of $46.69 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.34. Dollar General has a 1-year low of $183.25 and a 1-year high of $262.20. The company’s fifty day moving average is $226.41 and its two-hundred day moving average is $239.17. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.13 and a current ratio of 1.23.

Dollar General (NYSE:DG – Get Rating) last issued its earnings results on Thursday, March 16th. The company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.02. The company had revenue of $10.20 billion for the quarter, compared to analysts’ expectations of $10.24 billion. Dollar General had a net margin of 6.49% and a return on equity of 38.43%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 earnings per share. Equities analysts anticipate that Dollar General will post 11.24 EPS for the current year.

Insider Transactions at Dollar General

In related news, Director Warren F. Bryant sold 1,951 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total value of $475,907.43. Following the transaction, the director now owns 38,269 shares in the company, valued at $9,334,957.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Dollar General

A number of hedge funds have recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new position in Dollar General during the fourth quarter valued at approximately $25,000. First Manhattan Co. grew its stake in shares of Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 85 shares during the last quarter. Financial Freedom LLC acquired a new stake in shares of Dollar General in the fourth quarter worth $26,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of Dollar General in the fourth quarter worth $27,000. Finally, Accurate Wealth Management LLC acquired a new stake in shares of Dollar General in the fourth quarter worth $27,000. Institutional investors and hedge funds own 90.73% of the company’s stock.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.