Dollar General (NYSE:DG) Hits New 1-Year Low – What’s Next?

Dollar General Co. (NYSE:DGGet Free Report)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $70.89 and last traded at $71.19, with a volume of 1203969 shares trading hands. The stock had previously closed at $74.17.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday. Sanford C. Bernstein started coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target on the stock. Telsey Advisory Group decreased their price objective on Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. Gordon Haskett upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Bernstein Bank decreased their price target on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $98.18.

Get Our Latest Stock Report on Dollar General

Dollar General Stock Down 0.3 %

The stock has a market cap of $15.70 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.37 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average is $76.72 and its 200 day moving average is $94.37.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company earned $1.26 EPS. Dollar General’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General Co. will post 5.77 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General’s payout ratio is presently 38.88%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its position in Dollar General by 85.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after purchasing an additional 26,813 shares during the last quarter. 1834 Investment Advisors Co. bought a new stake in shares of Dollar General during the third quarter worth $5,650,000. Lecap Asset Management Ltd. increased its position in Dollar General by 231.6% in the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares during the period. Victory Capital Management Inc. raised its holdings in Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares during the last quarter. Finally, Kiltearn Partners LLP acquired a new position in Dollar General during the 2nd quarter valued at about $9,587,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

About Dollar General

(Get Free Report)

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.

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