Dollar General Co. (NYSE:DG) Given Average Rating of “Hold” by Analysts

Shares of Dollar General Co. (NYSE:DG) have received an average rating of “Hold” from the twenty analysts that are currently covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $148.09.

A number of research analysts have issued reports on DG shares. Evercore ISI reduced their price objective on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. BMO Capital Markets lowered their price objective on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Loop Capital upped their target price on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Truist Financial lowered their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Finally, Wells Fargo & Company reduced their price target on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th.

Hedge Funds Weigh In On Dollar General

Several hedge funds and other institutional investors have recently modified their holdings of DG. Massmutual Trust Co. FSB ADV lifted its holdings in Dollar General by 12.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after acquiring an additional 76 shares during the period. Fidelis Capital Partners LLC lifted its stake in shares of Dollar General by 3.3% in the 1st 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. boosted its holdings in shares of Dollar General by 3.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after buying an additional 88 shares during the last quarter. Finally, Rise Advisors LLC grew its position in Dollar General by 14.8% during the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock valued at $109,000 after buying an additional 90 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Up 0.6 %

DG stock opened at $132.42 on Wednesday. The company has a market capitalization of $29.12 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 2.60 and a beta of 0.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General has a one year low of $101.09 and a one year high of $173.47. The company’s 50 day moving average price is $133.43 and its two-hundred day moving average price is $139.93.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.08. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. Dollar General’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.34 EPS. As a group, analysts predict that Dollar General will post 7.21 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, July 9th. Dollar General’s payout ratio is presently 34.35%.

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.