Dollar General (NYSE:DG) Price Target Cut to $82.00 by Analysts at JPMorgan Chase & Co.

Dollar General (NYSE:DG) had its price objective reduced by JPMorgan Chase & Co. from $97.00 to $82.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

DG has been the subject of several other research reports. Daiwa America downgraded shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. The Goldman Sachs Group decreased their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Melius Research initiated coverage on Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. Truist Financial lowered their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Finally, Wells Fargo & Company decreased their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.05.

Dollar General Price Performance

NYSE DG opened at $77.00 on Tuesday. The company has a 50-day moving average price of $82.44 and a two-hundred day moving average price of $112.68. Dollar General has a 52 week low of $76.76 and a 52 week high of $168.07. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Analysts forecast that Dollar General will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is currently 36.65%.

Insider Activity

In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of Dollar General

A number of hedge funds have recently bought and sold shares of the stock. Industrial Alliance Investment Management Inc. grew its holdings in shares of Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after purchasing an additional 80 shares in the last quarter. Pullen Investment Management LLC increased its stake in Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares during the period. Pathway Financial Advisers LLC boosted its holdings in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares in the last quarter. SPC Financial Inc. grew its stake in shares of Dollar General by 6.1% in the 1st quarter. SPC Financial Inc. now owns 1,738 shares of the company’s stock valued at $271,000 after purchasing an additional 100 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Dollar General by 3.8% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after buying an additional 103 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

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.