UBS Group Cuts Dollar General (NYSE:DG) Price Target to $108.00

Dollar General (NYSE:DG) had its target price reduced by UBS Group from $155.00 to $108.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently issued reports on DG. Argus reduced their price objective on Dollar General from $175.00 to $170.00 and set a buy rating on the stock in a research note on Monday, July 15th. Piper Sandler reduced their price target on Dollar General from $147.00 to $141.00 and set a neutral rating on the stock in a research report on Friday, May 31st. Loop Capital lowered their price objective on Dollar General from $130.00 to $90.00 and set a hold rating for the company in a research report on Friday. The Goldman Sachs Group dropped their price objective on Dollar General from $169.00 to $122.00 and set a buy rating for the company in a research note on Friday. Finally, Morgan Stanley lowered shares of Dollar General from an overweight rating to an equal weight rating and lowered their price target for the company from $170.00 to $100.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $116.55.

Dollar General Stock Performance

Shares of NYSE DG opened at $82.97 on Friday. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 2.25 and a beta of 0.43. The stock’s 50-day moving average is $122.17 and its 200 day moving average is $136.11. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86. Dollar General has a 1-year low of $82.68 and a 1-year high of $168.07.

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 return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same period last year, the business posted $2.13 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar General will post 6.45 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. Dollar General’s dividend payout ratio is presently 34.35%.

Hedge Funds Weigh In On Dollar General

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of Dollar General by 12.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after buying an additional 76 shares during the period. Fidelis Capital Partners LLC grew its holdings in Dollar General by 3.3% in the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after purchasing an additional 77 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in shares of Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after purchasing an additional 80 shares in the last quarter. Pullen Investment Management LLC lifted its holdings in shares of Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after purchasing an additional 87 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its position in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors 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.