Dollar General (NYSE:DG) has its price target cut to $100.00

Dollar General (NYSE:DG – Get a Free Report) their price target was dropped by research analysts at Evercore ISI from $139.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 18.76% from the stock’s current price.

Other equities research analysts have recently issued research reports on the stock. BMO Capital Markets cut their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research note on Friday, May 31st. Truist Financial reduced their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday. Argus cut their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Morgan Stanley downgraded shares of Dollar General from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $170.00 to $100.00 in a research note on Friday . Finally, Loop Capital cut their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday. Fifteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $128.95, according to MarketBeat.com.

Read the latest stock report on DG

Overall dollar price performance

Shares of NYSE:DG opened at $84.20 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22, and a quick ratio of 0.18. Dollar General has a 1 year low of $84.00 and a 1 year high of $168.07. The company has a market cap of $18.52 billion, a P/E ratio of 12.26, a P/E/G ratio of 2.36 and a beta of 0.43. The company’s 50-day SMA is $123.95, and its 200-day SMA is $136.79.

Dollar General (NYSE:DG – Get Your Free Report ) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. In the same quarter last year, the company posted EPS of $2.13. Dollar General’s revenue was up 4.2% compared to the same quarter last year. research analysts expect that Dollar General will post 7.21 EPS for the current fiscal year.

Hedge funds have a weight on the general dollar

Hedge funds and other institutional investors have recently modified their holdings of the stock. Burkett Financial Services LLC acquired a new position in shares of Dollar General in the 4th quarter valued at approximately $26,000. Bank & Trust Co acquired a new position in shares of Dollar General in the second quarter valued at about $26,000. Fortis Group Advisors LLC increased its position in Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar General in the second quarter valued at about $33,000. Finally, Montag A & Associates Inc. purchased a new position in Dollar General in the 4th quarter valued at about $37,000. 91.77% of the shares are held by hedge funds and other institutional investors.

About Dollar General

(Get a free report)

Dollar General Corporation, a discount retailer, provides various merchandise products in the South, Southwest, Midwest, and Eastern United States. Provides consumables including paper and cleaning products such as paper towels, bath tissue, paper tableware, trash and storage bags, disinfectants and laundry detergent; Packaged foods including cereals, pasta, canned soups, fruits and vegetables, spices, seasonings, sugar and flour; and perishables that include milk, eggs, bread, refrigerated and frozen foods, beer and wine.

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