Dollar General (NYSE:DG – Free Report) Loop Capital cut their price target from $140.00 to $130.00 in a report published on Tuesday, Benzinga reports. They currently have a hold rating on the stock.
A number of other equities analysts have also recently commented on DG. JPMorgan Chase & Co. decreased their price target on Dollar General from $161.00 to $137.00 and gave the company a neutral rating in a report on Friday, May 31st. Telsey Advisory Group reiterated an outperform rating and gave a $170.00 price target on shares of Dollar General in a report on Thursday, May 30th. Argus decreased their price target on Dollar General from $175.00 to $170.00 and gave the company a buy rating in a report on Monday, July 15th. BMO Capital Markets decreased their price target on Dollar General from $150.00 to $140.00 and gave the company a market perform rating in a report on Friday, May 31st. Finally, Truist Financial decreased their price target on Dollar General from $140.00 to $135.00 and gave the company a “hold” rating in a report on Friday, May 31. Twelve investment analysts have rated the stock with a “hold” rating and nine have issued a “buy” rating on the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.41.
Get our latest stock analysis on DG
Dollar General shares fell 0.6%
Shares of DG opened at $116.89 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current debt ratio of 0.18 and a current liability ratio of 1.22. Dollar General has a one year low of $101.09 and a one year high of $168.07. The stock has a market cap of $25.70 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.36 and a beta of 0.43. The stock has a 50-day moving average price of $125.00 and a 200-day moving average price of $137.73.
Dollar General (NYSE:DG – Get Free Report) released its latest earnings results on Thursday, May 30. The company reported earnings per share (EPS) of $1.65 for the quarter, beating the consensus estimate of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to analyst expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company’s quarterly revenue grew 6.1% year-over-year. During the same period last year, the company generated earnings per share of $2.34. Equities analysts forecast that Dollar General will report earnings per share of $7.21 for the current fiscal year.
Dollar General dividend announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.59. The ex-dividend date was Tuesday, July 9th. This represents an annualized dividend of $2.36 and a dividend yield of 2.02%. Dollar General’s payout ratio is currently 34.35%.
Institutional inflows and outflows
Several hedge funds have recently added to or reduced their holdings in DG. Price T Rowe Associates Inc. MD increased its stake in Dollar General by 162.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after buying an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after buying an additional 3,360,413 shares in the last quarter. Norges Bank acquired a new position in shares of Dollar General in the 4th quarter valued at about $337,150,000. Capital International Investors increased its stake in shares of Dollar General by 13.9% in the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after acquiring an additional 2,273,119 shares in the last quarter. Finally, Pzena Investment Management LLC acquired a new position in shares of Dollar General in the 1st quarter valued at about $301,738,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Company Profile
(Get free report)
Dollar General Corporation, a discount retailer, offers a variety of merchandise in the South, Southwest, Midwest, and Eastern United States. Its offerings include consumables, including paper and cleaning products such as paper towels, toilet paper, paper tableware, trash and storage bags, disinfectants, and laundry detergent; packaged foods such as cereal, pasta, canned soups, fruits and vegetables, spices, sugar, and flour; and perishables such as milk, eggs, bread, refrigerated and frozen foods, beer, and wine.
Selected articles
Get daily news and reviews for Dollar General – 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.
