Dollar General (NYSE:DG) Given New $69.00 Price Target at Citigroup

Dollar General (NYSE:DG) had its price target lowered by equities researchers at Citigroup from $73.00 to $69.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sell” rating on the stock. Citigroup’s price target points to a potential downside of 15.72% from the stock’s current price.

Several other research analysts have also issued reports on the company. Truist Financial lowered their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price target (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Bernstein Bank decreased their price target on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, BMO Capital Markets increased their price target on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.09.

Dollar General Price Performance

Dollar General stock opened at $81.87 on Friday. Dollar General has a 12 month low of $66.43 and a 12 month high of $168.07. The stock’s 50 day moving average is $73.33 and its 200-day moving average is $79.63. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $18.01 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 earnings per share. Equities research analysts expect that Dollar General will post 5.75 EPS for the current year.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DG. Pzena Investment Management LLC grew its position in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after purchasing an additional 8,388,735 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Dollar General during the 4th quarter valued at $399,433,000. ACR Alpine Capital Research LLC grew its position in shares of Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Baupost Group LLC MA purchased a new position in shares of Dollar General during the 3rd quarter valued at $194,832,000. Finally, Norges Bank purchased a new position in shares of Dollar General during the 4th quarter valued at $140,421,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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.