Dollar General (NYSE:DG) PT Lowered to $148.00

Dollar General (NYSE:DG) had its target price decreased by Evercore ISI from $151.00 to $148.00 in a report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their price target on Dollar General from $161.00 to $137.00 and set a neutral rating for the company in a report on Friday, May 31st. The Goldman Sachs Group lifted their price target on Dollar General from $147.00 to $169.00 and gave the company a buy rating in a report on Friday, March 15th. BMO Capital Markets reduced their price target on Dollar General from $150.00 to $140.00 and set a market perform rating for the company in a report on Friday, May 31st. Argus raised their price objective on Dollar General from $160.00 to $175.00 and gave the company a buy rating in a research note on Thursday, March 28th. Finally, Piper Sandler cut their price objective on Dollar General from $147.00 to $141.00 and set a neutral rating on the stock in a research note on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Dollar General currently has a consensus rating of Hold and an average price target of $148.09.

Dollar General Trading Down 0.9 %

Shares of NYSE DG opened at $129.47 on Tuesday. Dollar General has a one year low of $101.09 and a one year high of $173.47. The firm has a market capitalization of $28.47 billion, a PE ratio of 18.85, a PEG ratio of 2.60 and a beta of 0.43. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $135.52 and a two-hundred day moving average price of $140.06.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Activity

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Institutional Trading of Dollar General

Institutional investors have recently bought and sold shares of the stock. Comerica Bank acquired a new stake in Dollar General in the 3rd quarter valued at $12,047,000. Prime Capital Investment Advisors LLC boosted its stake in Dollar General by 294.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after buying an additional 14,127 shares in the last quarter. Vanguard Group Inc. boosted its stake in Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after buying an additional 3,360,413 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Dollar General in the 4th quarter valued at $18,861,000. Finally, Nexus Investment Management ULC boosted its stake in Dollar General by 10.5% in the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock worth $29,932,000 after purchasing an additional 18,280 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

About Dollar General

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.