Dollar General Co. (NYSE:DG) Given Average Rating of “Hold” by Analysts

Shares of Dollar General Co. (NYSE:DG) have been given an average recommendation of “Hold” by the twenty-four analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $92.26.

A number of analysts have commented on the stock. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Truist Financial decreased their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. UBS Group decreased their price target on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Piper Sandler upped their target price on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Finally, Evercore ISI reduced their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd.

Dollar General Stock Performance

NYSE:DG opened at $83.84 on Monday. The company has a fifty day moving average of $74.58 and a 200-day moving average of $77.70. The firm has a market capitalization of $18.44 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.18 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General has a twelve month low of $66.43 and a twelve month high of $164.12.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 EPS. As a group, sell-side analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

Insider Buying and Selling at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

Institutional investors have recently made changes to their positions in the stock. IMG Wealth Management Inc. purchased a new stake in Dollar General in the fourth quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Dollar General in the fourth quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in Dollar General in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the third quarter worth $33,000. Finally, Providence First Trust Co purchased a new stake in Dollar General in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.