Dollar General (NYSE:DG) Rating Lowered to Neutral at The Goldman Sachs Group

Dollar General (NYSE:DG) was downgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report issued on Tuesday, MarketBeat reports. They currently have a $116.00 price objective on the stock, up from their previous price objective of $115.00. The Goldman Sachs Group’s price objective points to a potential upside of 2.73% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Piper Sandler upped their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Cfra Research upgraded shares of Dollar General to a “hold” rating in a report on Tuesday, June 3rd. Raymond James Financial increased their price target on shares of Dollar General from $100.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Gordon Haskett raised shares of Dollar General from a “reduce” rating to an “accumulate” rating in a research report on Tuesday, June 3rd. Finally, Melius raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, April 8th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $109.08.

Dollar General Stock Down 0.3%

DG stock opened at $112.92 on Tuesday. The stock has a market capitalization of $24.85 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.95 and a beta of 0.26. The business has a 50-day moving average of $100.90 and a 200-day moving average of $85.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $135.46.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president now owns 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,216 shares of company stock valued at $1,017,349. 0.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dollar General

Several large investors have recently added to or reduced their stakes in DG. Vanguard Group Inc. boosted its holdings in Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock worth $405,425,000 after purchasing an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in Dollar General in the 4th quarter worth about $399,433,000. Finally, ACR Alpine Capital Research LLC increased its stake in Dollar General by 3.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock valued at $369,081,000 after buying an additional 155,966 shares during the last quarter. 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.