BMO Capital Markets Cuts Dollar General (NYSE:DG) Price Target to $230.00

Dollar General (NYSE:DG – Get Rating) had its target price cut by BMO Capital Markets from $255.00 to $230.00 in a note issued to investors on Friday, The Fly reports. BMO Capital Markets’ price target would indicate a potential upside of 10.14% from the stock’s current price.

DG has been the topic of a number of other reports. Gordon Haskett downgraded Dollar General from an “accumulate” rating to a “hold” rating and decreased their price target for the company from $230.00 to $220.00 in a research note on Friday. Barclays assumed coverage on Dollar General in a report on Tuesday, February 7th. They set an “equal weight” rating and a $237.00 price objective for the company. Evercore ISI cut their price target on Dollar General to $265.00 in a research note on Friday, December 2nd. Piper Sandler cut their price objective 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. Finally, Raymond James decreased their target price on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 24th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General currently has an average rating of “Moderate Buy” and a consensus target price of $250.50.

Dollar General Stock Performance

Shares of Dollar General stock opened at $208.83 on Friday. 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 has a one year low of $183.25 and a one year high of $262.20. The business’s 50 day moving average price is $226.41 and its 200 day moving average price is $239.17. The company has a market cap of $46.69 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.76 and a beta of 0.34.

Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.02. The company had revenue of $10.20 billion during the quarter, compared to analyst estimates of $10.24 billion. Dollar General had a return on equity of 38.43% and a net margin of 6.49%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.57 earnings per share. On average, research analysts predict 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 firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DG. Evergreen Capital Management LLC grew its stake in Dollar General by 4.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,078 shares of the company’s stock valued at $258,000 after purchasing an additional 43 shares in the last quarter. MGO One Seven LLC grew its position in shares of Dollar General by 1.6% during the fourth quarter. MGO One Seven LLC now owns 2,749 shares of the company’s stock worth $677,000 after buying an additional 44 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in shares of Dollar General by 3.3% in the fourth quarter. Moloney Securities Asset Management LLC now owns 1,404 shares of the company’s stock worth $346,000 after buying an additional 45 shares during the last quarter. Roman Butler Fullerton & Co. raised its holdings in Dollar General by 0.9% in the third quarter. Roman Butler Fullerton & Co. now owns 5,138 shares of the company’s stock valued at $1,231,000 after acquiring an additional 46 shares in the last quarter. Finally, Burney Co. boosted its stake in Dollar General by 0.5% during the 4th quarter. Burney Co. now owns 9,999 shares of the company’s stock valued at $2,462,000 after acquiring an additional 46 shares during the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.

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.