Dollar General Co. (NYSE:DG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Dollar General Co. (NYSE:DGGet Rating) have earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $274.83.

DG has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Dollar General from $287.00 to $294.00 in a research report on Friday, September 16th. Deutsche Bank Aktiengesellschaft decreased their target price on Dollar General from $266.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, August 29th. Telsey Advisory Group raised their target price on Dollar General from $260.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd. The Goldman Sachs Group raised their target price on Dollar General from $258.00 to $296.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Finally, Truist Financial raised their target price on Dollar General from $227.00 to $262.00 and gave the company a “hold” rating in a research report on Friday, August 5th.

Dollar General Price Performance

Dollar General stock opened at $255.93 on Friday. The stock has a market capitalization of $57.73 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.00 and a beta of 0.40. Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20. The stock’s 50 day moving average price is $244.98 and its two-hundred day moving average price is $241.06. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.10 and a current ratio of 1.02.

Dollar General (NYSE:DGGet Rating) last issued its earnings results on Thursday, August 25th. The company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.05. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. The company had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same period in the prior year, the firm earned $2.69 earnings per share. Dollar General’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts predict that Dollar General will post 11.57 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 4th were paid a $0.55 dividend. The ex-dividend date was Monday, October 3rd. This represents a $2.20 annualized dividend and a yield of 0.86%. Dollar General’s dividend payout ratio is currently 21.91%.

Insiders Place Their Bets

In other Dollar General news, CFO John W. Garratt sold 9,570 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $238.11, for a total value of $2,278,712.70. Following the completion of the transaction, the chief financial officer now owns 24,727 shares in the company, valued at approximately $5,887,745.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dollar General news, CEO Todd J. Vasos sold 108,145 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $239.18, for a total value of $25,866,121.10. Following the sale, the chief executive officer now owns 85,369 shares of the company’s stock, valued at approximately $20,418,557.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John W. Garratt sold 9,570 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $238.11, for a total value of $2,278,712.70. Following the completion of the sale, the chief financial officer now directly owns 24,727 shares in the company, valued at approximately $5,887,745.97. The disclosure for this sale can be found here. Insiders sold a total of 285,422 shares of company stock worth $68,676,137 in the last quarter. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dollar General

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Dollar General by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,135,446 shares of the company’s stock worth $4,037,495,000 after purchasing an additional 125,589 shares during the period. Capital World Investors increased its stake in Dollar General by 8.8% in the 1st quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock worth $3,757,569,000 after purchasing an additional 1,369,299 shares during the period. State Street Corp increased its stake in Dollar General by 0.5% in the 3rd quarter. State Street Corp now owns 9,075,749 shares of the company’s stock worth $2,176,909,000 after purchasing an additional 46,656 shares during the period. Capital International Investors grew its position in shares of Dollar General by 20.1% in the 1st quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock worth $1,919,292,000 after buying an additional 1,442,731 shares during the last quarter. Finally, FMR LLC grew its position in shares of Dollar General by 25.5% in the 2nd quarter. FMR LLC now owns 7,002,653 shares of the company’s stock worth $1,718,731,000 after buying an additional 1,424,310 shares during the last quarter. 91.61% of the stock is owned by hedge funds and other institutional investors.

Dollar General Company Profile

(Get Rating)

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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Analyst Recommendations for Dollar General (NYSE:DG)

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