Dollar General (NYSE:DG) Price Target Lowered to $135.00 at BMO Capital Markets

Dollar General (NYSE:DG) had its target price trimmed by BMO Capital Markets from $175.00 to $135.00 in a report released on Friday, MarketBeat Ratings reports. The firm currently has a market perform rating on the stock.

A number of other research analysts have also recently commented on the company. Raymond James cut Dollar General from a strong-buy rating to an outperform rating and decreased their price target for the stock from $200.00 to $160.00 in a research note on Friday. UBS Group decreased their price target on Dollar General from $200.00 to $181.00 in a research note on Friday. Edward Jones upgraded Dollar General from a hold rating to a buy rating in a research note on Wednesday, August 23rd. Daiwa Capital Markets cut Dollar General from an outperform rating to a neutral rating and set a $172.00 price objective on the stock. in a research note on Tuesday, June 6th. Finally, Truist Financial decreased their target price on Dollar General from $214.00 to $166.00 in a report on Friday, June 2nd. Sixteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $164.86.

Dollar General Trading Down 5.9 %

DG opened at $130.30 on Friday. Dollar General has a one year low of $128.48 and a one year high of $261.59. The stock has a market capitalization of $28.58 billion, a PE ratio of 12.28, a P/E/G ratio of 2.25 and a beta of 0.28. The business’s 50 day moving average price is $164.06 and its 200 day moving average price is $191.33. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.12 and a current ratio of 1.32.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 31st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.34). Dollar General had a net margin of 6.19% and a return on equity of 40.03%. The business had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same quarter in the prior year, the company posted $2.98 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that Dollar General will post 10.05 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, October 6th. Dollar General’s dividend payout ratio (DPR) is currently 22.24%.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert bought 2,500 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were acquired at an average price of $155.25 per share, for a total transaction of $388,125.00. Following the completion of the transaction, the director now owns 116,682 shares of the company’s stock, valued at $18,114,880.50. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Michael M. Calbert purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average price of $155.25 per share, for a total transaction of $388,125.00. Following the transaction, the director now directly owns 116,682 shares of the company’s stock, valued at approximately $18,114,880.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffery Owen purchased 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was bought at an average price of $157.86 per share, for a total transaction of $236,790.00. Following the transaction, the chief executive officer now directly owns 55,720 shares in the company, valued at $8,795,959.20. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Several institutional investors have recently added to or reduced their stakes in the stock. Resurgent Financial Advisors LLC purchased a new stake in Dollar General in the 2nd quarter valued at approximately $25,000. First Manhattan Co. boosted its holdings in Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Financial Freedom LLC purchased a new stake in Dollar General in the 4th quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in Dollar General in the 1st quarter valued at approximately $28,000. Finally, Atlas Capital Advisors LLC purchased a new stake in Dollar General in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.37% 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.