Dollar General (NYSE:DG) Hits New 52-Week Low at $122.11

Dollar General Co. (NYSE:DG) hit a new 52-week low on Wednesday . The company traded as low as $122.11 and last traded at $122.41, with a volume of 656307 shares traded. The stock had previously closed at $123.89.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DG. VNET Group reaffirmed a “maintains” rating on shares of Dollar General in a research report on Friday, June 2nd. UBS Group reduced their price objective on shares of Dollar General from $200.00 to $181.00 in a research report on Friday, September 1st. Citigroup dropped their price objective on shares of Dollar General from $185.00 to $146.00 in a research report on Friday, September 1st. Evercore ISI reduced their target price on shares of Dollar General from $150.00 to $145.00 and set an “in-line” rating for the company in a report on Friday, September 8th. Finally, JPMorgan Chase & Co. downgraded Dollar General from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $210.00 to $132.00 in a research report on Thursday, August 31st. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $159.41.

Dollar General Stock Down 1.8 %

The firm’s 50-day moving average price is $156.11 and its 200 day moving average price is $185.03. The company has a current ratio of 1.39, a quick ratio of 0.15 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $25.85 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 2.12 and a beta of 0.30.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 31st. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.34). Dollar General had a net margin of 5.59% and a return on equity of 36.34%. The business had revenue of $9.80 billion during the quarter, compared to the consensus estimate of $9.93 billion. During the same quarter in the previous year, the business posted $2.98 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Dollar General Co. will post 7.82 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, October 6th. Dollar General’s dividend payout ratio (DPR) is presently 24.18%.

Hedge Funds Weigh In On Dollar General

Several institutional investors and hedge funds have recently added to or reduced their stakes in DG. Capital World Investors lifted its stake in shares of Dollar General by 124.4% in the 2nd quarter. Capital World Investors now owns 10,787,703 shares of the company’s stock valued at $1,831,536,000 after acquiring an additional 5,979,461 shares during the last quarter. Capital International Investors raised its position in Dollar General by 64.7% in the second quarter. Capital International Investors now owns 15,087,855 shares of the company’s stock valued at $2,561,298,000 after purchasing an additional 5,926,555 shares during the last quarter. Longview Partners Guernsey LTD bought a new stake in shares of Dollar General during the second quarter worth about $460,221,000. Norges Bank acquired a new position in shares of Dollar General in the fourth quarter valued at approximately $564,881,000. Finally, Alliancebernstein L.P. raised its holdings in Dollar General by 124.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,193,127 shares of the company’s stock valued at $786,308,000 after buying an additional 1,770,718 shares during the last quarter. Institutional investors own 90.37% 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.