Dollar General Co. (NYSE:DG) Receives $94.75 Consensus PT from Analysts

Shares of Dollar General Co. (NYSE:DG) have been assigned a consensus rating of “Hold” from the twenty-five analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $94.75.

Several equities analysts have recently commented on DG shares. The Goldman Sachs Group cut their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. UBS Group cut their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Barclays lowered their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Piper Sandler lifted their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Altshuler Shaham Ltd purchased a new stake in Dollar General in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the third quarter valued at $33,000. Providence First Trust Co acquired a new position in shares of Dollar General in the fourth quarter worth about $33,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Dollar General during the 4th quarter worth about $31,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock opened at $89.11 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market cap of $19.60 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The firm has a 50-day moving average of $80.35 and a two-hundred day moving average of $78.19. Dollar General has a 1 year low of $66.43 and a 1 year high of $150.40.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 earnings per share. On average, research analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is 46.18%.

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.