Dollar General (NYSE:DG) PT Lowered to $105.00

Dollar General (NYSE:DG) had its price target decreased by Evercore ISI from $115.00 to $105.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other equities analysts have also recently issued reports about the stock. Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Truist Financial dropped their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. decreased their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. UBS Group lowered their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $107.84.

Dollar General Trading Down 1.3 %

NYSE DG opened at $80.38 on Tuesday. Dollar General has a 52-week low of $77.96 and a 52-week high of $168.07. The firm has a 50-day moving average price of $90.44 and a 200 day moving average price of $117.93. The stock has a market capitalization of $17.68 billion, a P/E ratio of 11.70, a P/E/G ratio of 2.42 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last issued its earnings results 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same period last year, the company posted $2.13 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Dollar General will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Transactions at Dollar General

In related news, Director Warren F. Bryant purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Warren F. Bryant bought 1,000 shares of Dollar General stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Several institutional investors have recently bought and sold shares of DG. Oppenheimer Asset Management Inc. lifted its holdings in shares of Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after acquiring an additional 26,813 shares in the last quarter. Cetera Investment Advisers raised its position in Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares during the period. Lecap Asset Management Ltd. lifted its stake in shares of Dollar General by 231.6% during 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 in the last quarter. Kiltearn Partners LLP purchased a new stake in shares of Dollar General in the second quarter worth about $9,587,000. Finally, MBB Public Markets I LLC grew its stake in shares of Dollar General by 642.0% in the second quarter. MBB Public Markets I LLC now owns 15,923 shares of the company’s stock valued at $2,105,000 after buying an additional 13,777 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other 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.