Dollar General (NYSE:DG) PT Lowered to $255.00

Dollar General (NYSE:DGGet Rating) had its price target reduced by Morgan Stanley from $260.00 to $255.00 in a report issued on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Dollar General from a buy rating to a hold rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Dollar General from $265.00 to $293.00 in a research note on Tuesday, November 29th. Evercore ISI decreased their price target on Dollar General to $265.00 in a research note on Friday, December 2nd. Credit Suisse Group started coverage on Dollar General in a research report on Monday, December 19th. They set a neutral rating and a $260.00 price objective for the company. Finally, Truist Financial decreased their target price on Dollar General from $262.00 to $237.00 and set a hold rating on the stock in a research report on Friday, December 2nd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Dollar General presently has a consensus rating of Moderate Buy and an average price target of $263.93.

Dollar General Trading Up 0.2 %

Shares of NYSE:DG opened at $231.07 on Monday. The business’s 50 day simple moving average is $245.33 and its 200 day simple moving average is $245.80. Dollar General has a 1 year low of $183.25 and a 1 year high of $262.20. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.23 and a quick ratio of 0.13. The company has a market capitalization of $51.66 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.83 and a beta of 0.39.

Dollar General (NYSE:DGGet Rating) last released its earnings results on Thursday, December 1st. The company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.55 by ($0.22). The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $9.43 billion. Dollar General had a return on equity of 38.43% and a net margin of 6.49%. On average, research analysts anticipate that Dollar General will post 10.94 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, December 30th. This represents a $2.20 dividend on an annualized basis and a yield of 0.95%. Dollar General’s payout ratio is 21.38%.

Insiders Place Their Bets

In other news, Director Warren F. Bryant sold 1,951 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total transaction of $475,907.43. Following the completion of the transaction, the director now directly owns 38,269 shares in the company, valued at $9,334,957.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Several large investors have recently modified their holdings of the company. Castle Wealth Management LLC bought a new stake in Dollar General in the second quarter worth approximately $25,000. Bartlett & Co. LLC grew its position in shares of Dollar General by 240.6% during the 2nd quarter. Bartlett & Co. LLC now owns 109 shares of the company’s stock worth $27,000 after buying an additional 77 shares during the period. Accurate Wealth Management LLC bought a new stake in shares of Dollar General in the 4th quarter valued at $27,000. Canton Hathaway LLC acquired a new position in shares of Dollar General during the 2nd quarter valued at $32,000. Finally, McIlrath & Eck LLC grew its holdings in Dollar General by 51.8% in the second quarter. McIlrath & Eck LLC now owns 129 shares of the company’s stock worth $32,000 after purchasing an additional 44 shares during the period. 90.73% of the stock is currently owned by institutional investors and hedge funds.

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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