Morgan Stanley Lowers Dollar General (NYSE:DG) Price Target to $255.00

Dollar General (NYSE:DGGet Rating) had its target price reduced by investment analysts at Morgan Stanley from $260.00 to $255.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 10.36% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Dollar General from $265.00 to $255.00 in a research note on Friday, December 2nd. Telsey Advisory Group reduced their price objective on Dollar General from $285.00 to $270.00 and set an “outperform” rating on the stock in a research note on Friday, December 2nd. StockNews.com lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI lowered their price objective on Dollar General to $265.00 in a research report on Friday, December 2nd. Finally, Credit Suisse Group began coverage on shares of Dollar General in a report on Monday, December 19th. They issued a “neutral” rating and a $260.00 target price on the stock. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $263.93.

Dollar General Stock Up 0.2 %

DG opened at $231.07 on Monday. The business’s fifty day simple moving average is $245.33 and its 200 day simple moving average is $245.80. Dollar General has a 52 week low of $183.25 and a 52 week high of $262.20. The company has a quick ratio of 0.13, a current ratio of 1.23 and a debt-to-equity ratio of 0.98. The stock has a market cap of $51.66 billion, a PE ratio of 22.46, a P/E/G ratio of 1.83 and a beta of 0.39.

Dollar General (NYSE:DGGet Rating) last announced its quarterly earnings data on Thursday, December 1st. The company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.55 by ($0.22). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.43 billion. Dollar General had a net margin of 6.49% and a return on equity of 38.43%. As a group, research analysts expect that Dollar General will post 10.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Warren F. Bryant sold 1,951 shares of the firm’s 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 completion of the transaction, the director now owns 38,269 shares in the company, valued at approximately $9,334,957.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Dollar General by 25.5% in the 2nd quarter. FMR LLC now owns 7,002,653 shares of the company’s stock worth $1,718,731,000 after acquiring an additional 1,424,310 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Dollar General by 333.3% during the third quarter. Alliancebernstein L.P. now owns 1,422,409 shares of the company’s stock valued at $341,179,000 after purchasing an additional 1,094,109 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Dollar General by 256.1% in the 3rd quarter. Marshall Wace LLP now owns 829,302 shares of the company’s stock worth $198,916,000 after purchasing an additional 596,393 shares in the last quarter. AKO Capital LLP grew its stake in shares of Dollar General by 51.0% in the 2nd quarter. AKO Capital LLP now owns 1,298,840 shares of the company’s stock worth $318,787,000 after buying an additional 438,407 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in Dollar General by 103.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 855,226 shares of the company’s stock valued at $209,907,000 after buying an additional 435,631 shares in the last quarter. Hedge funds and other institutional investors own 90.73% of the company’s stock.

About Dollar General

(Get Rating)

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.

Read More

Analyst Recommendations for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.