Jefferies Financial Group Cuts Dollar General (NYSE:DG) Price Target to $90.00

Dollar General (NYSE:DG) had its price objective reduced by Jefferies Financial Group from $110.00 to $90.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on DG. Sanford C. Bernstein initiated coverage on shares of Dollar General in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target for the company. 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 report on Monday, August 26th. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Wells Fargo & Company decreased their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Finally, Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $104.45.

Dollar General Price Performance

Shares of NYSE:DG opened at $75.88 on Friday. Dollar General has a 52 week low of $73.51 and a 52 week high of $168.07. The company has a 50-day moving average price of $81.85 and a 200 day moving average price of $109.99. The company has a market cap of $16.69 billion, a P/E ratio of 11.78, a PEG ratio of 2.22 and a beta of 0.45. 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 posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the business earned $2.13 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts predict that Dollar General will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 36.65%.

Insider Buying and Selling at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value 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 trade represents a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of Dollar General by 24.7% in the first quarter. Russell Investments Group Ltd. now owns 87,921 shares of the company’s stock valued at $13,720,000 after purchasing an additional 17,402 shares during the period. Blair William & Co. IL increased its position in shares of Dollar General by 380.3% during the first quarter. Blair William & Co. IL now owns 20,302 shares of the company’s stock worth $3,168,000 after acquiring an additional 16,075 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Dollar General by 40.4% in the first quarter. Orion Portfolio Solutions LLC now owns 27,623 shares of the company’s stock worth $4,311,000 after acquiring an additional 7,942 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Dollar General by 4.5% in the first quarter. Intech Investment Management LLC now owns 11,719 shares of the company’s stock valued at $1,829,000 after purchasing an additional 505 shares during the last quarter. Finally, TIAA Trust National Association boosted its holdings in Dollar General by 34.2% in the first quarter. TIAA Trust National Association now owns 125,170 shares of the company’s stock valued at $19,534,000 after purchasing an additional 31,911 shares during the last quarter. Institutional investors and hedge funds 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.