Dollar General (NYSE:DG) Sets New 52-Week Low at $112.90

Dollar General Co. (NYSE:DG)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $112.90 and last traded at $113.01, with a volume of 191849 shares trading hands. The stock had previously closed at $113.66.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DG shares. Daiwa Capital Markets cut shares of Dollar General from an “outperform” rating to a “neutral” rating and set a $172.00 price objective on the stock. in a research note on Tuesday, June 6th. Evercore ISI decreased their price objective on shares of Dollar General from $150.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, September 8th. Bank of America cut their target price on shares of Dollar General from $155.00 to $130.00 in a research report on Friday, September 1st. UBS Group cut their target price on shares of Dollar General from $200.00 to $181.00 in a research report on Friday, September 1st. Finally, Atlantic Securities lowered shares of Dollar General from an “overweight” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research report on Friday, June 2nd. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $159.41.

Dollar General Trading Down 0.8 %

The company has a quick ratio of 0.15, a current ratio of 1.39 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $24.75 billion, a P/E ratio of 11.65, a P/E/G ratio of 2.06 and a beta of 0.30. The firm’s 50 day simple moving average is $155.04 and its two-hundred day simple moving average is $183.90.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 31st. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.34). The company had revenue of $9.80 billion during the quarter, compared to the consensus estimate of $9.93 billion. Dollar General had a net margin of 5.59% and a return on equity of 36.34%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.98 earnings per share. As a group, analysts forecast that Dollar General Co. will post 7.77 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, October 6th. Dollar General’s payout ratio is presently 24.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Resurgent Financial Advisors LLC purchased a new position in Dollar General during the second quarter worth about $25,000. First Manhattan Co. boosted its holdings in Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Financial Freedom LLC purchased a new position in Dollar General during the fourth quarter worth about $26,000. Strategic Investment Solutions Inc. IL purchased a new position in Dollar General during the first quarter worth about $28,000. Finally, Atlas Capital Advisors LLC purchased a new position in Dollar General during the second quarter worth about $32,000. 90.37% of the stock is currently owned by hedge funds and other institutional investors.

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.