Dollar General Co. (NYSE:DG) Receives Consensus Recommendation of “Hold” from Analysts

Dollar General Co. (NYSE:DG) has been assigned a consensus rating of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $107.84.

Several research firms recently issued reports on DG. Loop Capital cut their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Wells Fargo & Company cut their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Evercore ISI cut their price target on Dollar General from $115.00 to $105.00 and set an “in-line” rating on the stock in a research report on Tuesday. Melius Research started coverage on Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target on the stock. Finally, Bank of America cut their price target on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th.

Dollar General Stock Up 0.5 %

Dollar General stock opened at $81.41 on Friday. The business has a fifty day moving average of $91.23 and a two-hundred day moving average of $118.19. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $17.90 billion, a P/E ratio of 11.85, a P/E/G ratio of 2.42 and a beta of 0.44. Dollar General has a twelve month low of $77.96 and a twelve month high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 earnings per share. On average, analysts forecast that Dollar General will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.90%. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Transactions at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Warren F. Bryant bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Dollar General by 1,463.6% in the 4th quarter. Wellington Management Group LLP now owns 41,483 shares of the company’s stock valued at $5,640,000 after buying an additional 38,830 shares during the period. Mather Group LLC. purchased a new stake in Dollar General in the first quarter valued at $59,000. Massmutual Trust Co. FSB ADV lifted its position 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 last quarter. Czech National Bank lifted its position in Dollar General by 0.5% in the first quarter. Czech National Bank now owns 38,620 shares of the company’s stock valued at $6,027,000 after acquiring an additional 181 shares during the last quarter. Finally, Wedmont Private Capital acquired a new position in Dollar General in the first quarter valued at $222,000. 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.