Dollar General (NYSE:DG) Price Target Cut to $90.00 by Analysts at BMO Capital Markets

Dollar General (NYSE:DG) had its price target trimmed by BMO Capital Markets from $130.00 to $90.00 in a research note published on Friday, Benzinga reports. The firm currently has a market perform rating on the stock.

Several other equities analysts also recently weighed in on the company. Loop Capital lowered 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. Morgan Stanley lowered shares of Dollar General from an overweight rating to an equal weight rating and reduced their target price for the stock from $170.00 to $100.00 in a report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $161.00 to $137.00 and set a neutral rating on the stock in a report on Friday, May 31st. Argus reduced their price objective on shares of Dollar General from $175.00 to $170.00 and set a buy rating for the company in a research note on Monday, July 15th. Finally, Evercore ISI lowered their price objective on Dollar General from $139.00 to $100.00 and set an in-line rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of $118.48.

Dollar General Trading Down 1.3 %

Dollar General stock opened at $82.97 on Friday. The business has a 50-day simple moving average of $123.09 and a two-hundred day simple moving average of $136.42. Dollar General has a 52-week low of $82.68 and a 52-week high of $168.07. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. The company has a market cap of $18.24 billion, a P/E ratio of 12.08, a P/E/G ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter last year, the firm posted $2.13 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Dollar General will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 34.35%.

Institutional Trading of Dollar General

A number of institutional investors have recently bought and sold shares of DG. Price T Rowe Associates Inc. MD raised its stake in shares of Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after acquiring an additional 11,257,537 shares during the period. Vanguard Group Inc. raised its position in Dollar General by 15.5% in the 4th 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. Norges Bank purchased a new position in shares of Dollar General during the fourth quarter valued at approximately $337,150,000. Capital International Investors grew its stake in shares of Dollar General by 13.9% during the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after buying an additional 2,273,119 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in shares of Dollar General in the first quarter worth approximately $301,738,000. 91.77% of the stock is currently 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.