Dollar General (NYSE:DG) PT Lowered to $130.00 at Wells Fargo & Company

Dollar General (NYSE:DG) had its price target lowered by Wells Fargo & Company from $145.00 to $130.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other analysts have also issued reports about the company. Loop Capital cut their price objective on Dollar General from $140.00 to $130.00 and set a hold rating for the company in a report on Tuesday, August 13th. Evercore ISI lowered their target price on shares of Dollar General from $151.00 to $148.00 and set an in-line rating on the stock in a research report on Tuesday, July 2nd. BMO Capital Markets lowered their target price on shares of Dollar General from $150.00 to $140.00 and set a market perform rating on the stock in a research report on Friday, May 31st. Oppenheimer reissued a market perform rating on shares of Dollar General in a research report on Monday. Finally, Telsey Advisory Group reissued an outperform rating and set a $168.00 target price on shares of Dollar General in a research report on Friday, August 23rd. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $144.10.

Dollar General Price Performance

Shares of NYSE:DG opened at $84.20 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. Dollar General has a 1 year low of $84.00 and a 1 year high of $168.07. The business has a fifty day simple moving average of $123.95 and a 200 day simple moving average of $136.79. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the business posted $2.13 earnings per share. Dollar General’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts predict that Dollar General will post 7.21 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.80%. Dollar General’s payout ratio is presently 34.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Burkett Financial Services LLC bought a new position in Dollar General during the fourth quarter worth about $26,000. Bank & Trust Co bought a new position in Dollar General during the second quarter worth about $26,000. Fortis Group Advisors LLC lifted its stake in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General during the second quarter worth about $33,000. Finally, Montag A & Associates Inc. bought a new position in Dollar General during the fourth quarter worth about $37,000. Institutional investors own 91.77% of the company’s stock.

About Dollar General

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.