UBS Group Cuts Dollar General (NYSE:DG) Price Target to $95.00

Dollar General (NYSE:DG) had its target price decreased by equities researchers at UBS Group from $108.00 to $95.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 25.52% from the stock’s previous close.

Other analysts have also issued reports about the stock. Telsey Advisory Group dropped their target price on shares of Dollar General from $88.00 to $85.00 and set a “market perform” rating for the company in a report on Thursday. Barclays reduced their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. The Goldman Sachs Group cut their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Bernstein Bank decreased their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, HSBC reduced their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $95.26.

Dollar General Trading Up 2.7 %

DG traded up $1.99 on Thursday, hitting $75.69. 625,980 shares of the company were exchanged, compared to its average volume of 3,375,781. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm has a fifty day simple moving average of $73.20 and a two-hundred day simple moving average of $80.23. The stock has a market capitalization of $16.65 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General has a 12 month low of $66.43 and a 12 month high of $168.07.

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

Insider Activity

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s 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 transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value 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. The trade was 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 owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DG. Pzena Investment Management LLC raised its position in Dollar General by 453.4% during the third 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 during the period. First Eagle Investment Management LLC bought a new stake in Dollar General in the fourth quarter worth about $399,433,000. ACR Alpine Capital Research LLC grew its position in Dollar General by 8,426.1% in 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 acquiring an additional 3,994,070 shares during the last quarter. Baupost Group LLC MA bought a new stake in shares of Dollar General during the third quarter worth $194,832,000. Finally, Norges Bank bought a new position in shares of Dollar General in the fourth quarter worth about $140,421,000. 91.77% of the stock is currently owned by 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.