Gordon Haskett Downgrades Dollar General (NYSE:DG) to Hold

Dollar General (NYSE:DGGet Rating) was downgraded by stock analysts at Gordon Haskett from an “accumulate” rating to a “hold” rating in a report released on Friday, The Fly reports. They currently have a $220.00 price objective on the stock, down from their previous price objective of $230.00. Gordon Haskett’s price target suggests a potential upside of 5.35% from the company’s current price.

Other analysts have also recently issued research reports about the company. Truist Financial lowered their price target on Dollar General from $237.00 to $211.00 in a report on Friday, February 24th. Barclays began coverage on Dollar General in a research report on Tuesday, February 7th. They set an “equal weight” rating and a $237.00 price objective on the stock. Evercore ISI reduced their price objective on Dollar General to $265.00 in a research report on Friday, December 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Dollar General from $276.00 to $248.00 in a research report on Friday, February 24th. Finally, Oppenheimer raised their price target on Dollar General from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, November 28th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $250.50.

Dollar General Stock Down 1.5 %

Shares of NYSE DG opened at $208.83 on Friday. Dollar General has a one year low of $183.25 and a one year high of $262.20. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.23 and a quick ratio of 0.13. The business’s fifty day moving average price is $226.41 and its 200-day moving average price is $239.17. The stock has a market capitalization of $46.69 billion, a PE ratio of 20.29, a P/E/G ratio of 1.76 and a beta of 0.34.

Dollar General (NYSE:DGGet Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.02. The business had revenue of $10.20 billion for the quarter, compared to analysts’ expectations of $10.24 billion. Dollar General had a return on equity of 38.43% and a net margin of 6.49%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.57 EPS. On average, equities research analysts anticipate that Dollar General will post 11.24 EPS for the current year.

Insider Buying and Selling

In related news, Director Warren F. Bryant sold 1,951 shares of Dollar General stock in a transaction 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 sale, the director now owns 38,269 shares of the company’s stock, valued at $9,334,957.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar General

Several large investors have recently made changes to their positions in DG. Concord Wealth Partners purchased a new stake in shares of Dollar General in the fourth quarter worth about $25,000. First Manhattan Co. lifted its position in shares of Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after buying an additional 85 shares in the last quarter. Financial Freedom LLC purchased a new stake in shares of Dollar General in the fourth quarter worth about $26,000. Capital Directions Investment Advisors LLC purchased a new stake in shares of Dollar General in the fourth quarter worth about $27,000. Finally, Accurate Wealth Management LLC purchased a new stake in shares of Dollar General in the fourth quarter worth about $27,000. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Company Profile

(Get Rating)

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.

Further Reading

The Fly logo

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.