Dollar General (NYSE:DG) Stock Rating Lowered by Daiwa America

Daiwa America cut shares of Dollar General (NYSE:DG) from a moderate buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

A number of other analysts have also commented on DG. Loop Capital reduced their price objective on shares of Dollar General from $130.00 to $90.00 and set a hold rating for the company in a research note on Friday, August 30th. Oppenheimer reiterated a market perform rating on shares of Dollar General in a research note on Monday, August 26th. Gordon Haskett lowered Dollar General from a buy rating to a hold rating and set a $90.00 target price for the company. in a research report on Friday, August 30th. Piper Sandler dropped their target price on Dollar General from $147.00 to $141.00 and set a neutral rating on the stock in a report on Friday, May 31st. Finally, Barclays dropped their price objective on Dollar General from $154.00 to $102.00 and set an overweight rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Dollar General has a consensus rating of Hold and a consensus target price of $113.95.

Dollar General Stock Up 2.7 %

DG stock opened at $82.59 on Wednesday. The company’s 50 day moving average is $117.38 and its two-hundred day moving average is $134.17. Dollar General has a twelve month low of $77.96 and a twelve month high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86. The stock has a market cap of $18.16 billion, a P/E ratio of 12.02, a PEG ratio of 2.25 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. Research analysts expect that Dollar General will post 6.45 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio is 34.35%.

Institutional Trading of Dollar General

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares during the period. Capital International Investors grew its holdings in Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after acquiring an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after acquiring an additional 2,031,593 shares during the period. Capital World Investors boosted its holdings in shares of Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after buying an additional 133,591 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Dollar General in the 4th quarter valued at about $337,150,000. 91.77% of the stock is owned by 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.