Dollar General (NYSE:DG) Trading Down 3.4%

Dollar General Co. (NYSE:DG) traded down 3.4% on Monday . The company traded as low as $84.36 and last traded at $84.37. 626,821 shares changed hands during trading, a decline of 79% from the average session volume of 3,009,121 shares. The stock had previously closed at $87.32.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DG shares. Truist Financial cut their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Wells Fargo & Company cut their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. Evercore ISI dropped their target price on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research report on Friday, August 30th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $91.00 to $73.00 in a research report on Friday. Finally, Barclays cut their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Dollar General has an average rating of “Hold” and an average price target of $109.48.

Dollar General Stock Performance

The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 2.52 and a beta of 0.44. The stock’s fifty day moving average is $104.55 and its two-hundred day moving average is $127.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last announced 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 net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the business posted $2.13 EPS. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts expect that Dollar General Co. will post 5.85 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, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.79%. Dollar General’s payout ratio is 34.35%.

Insider Activity

In related news, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank & Trust Co acquired a new position in shares of Dollar General in the second quarter worth about $26,000. Fortis Group Advisors LLC increased its stake in shares of Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar General in the second quarter valued at about $33,000. Studio Investment Management LLC raised its stake in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Dollar General during the 2nd quarter valued at about $37,000. Institutional investors and hedge funds 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.