Dollar General Co. (NYSE:DG) Receives Consensus Rating of “Hold” from Analysts

Shares of Dollar General Co. (NYSE:DG) have been assigned an average rating of “Hold” from the twenty-five research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $94.75.

Several brokerages have recently issued reports on DG. Truist Financial lifted their price target on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 8th. UBS Group reduced their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Barclays dropped their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Dollar General by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock valued at $1,913,036,000 after purchasing an additional 160,853 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Dollar General by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock valued at $405,425,000 after purchasing an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Dollar General in the fourth quarter valued at approximately $399,433,000. Finally, ACR Alpine Capital Research LLC increased its holdings in shares of Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after buying an additional 3,994,070 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE DG opened at $88.47 on Friday. The stock has a market cap of $19.46 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.18 and a beta of 0.40. The firm’s 50-day simple moving average is $81.01 and its 200 day simple moving average is $78.28. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. 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 (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period in the prior year, the business posted $1.83 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that Dollar General will post 5.75 EPS for the current year.

Dollar General Announces Dividend

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. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.67%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

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.