Dollar General (NYSE:DG) Given “Hold (C)” Rating at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Dollar General (NYSE:DG) in a research note published on Tuesday morning,Weiss Ratings reports.

Several other analysts have also commented on DG. Telsey Advisory Group set a $123.00 price objective on Dollar General in a report on Friday, August 29th. JPMorgan Chase & Co. upped their target price on Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Wolfe Research assumed coverage on Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 target price on the stock. Wells Fargo & Company upped their target price on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Finally, Sanford C. Bernstein upped their target price on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Stock Performance

Shares of DG opened at $103.82 on Tuesday. Dollar General has a 12 month low of $66.43 and a 12 month high of $117.95. The stock has a fifty day moving average price of $107.12 and a 200-day moving average price of $103.90. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The firm has a market cap of $22.85 billion, a PE ratio of 19.23, a P/E/G ratio of 2.14 and a beta of 0.30.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts predict that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is currently 43.70%.

Institutional Investors Weigh In On Dollar General

A number of institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after acquiring an additional 110 shares during the period. Stablepoint Partners LLC lifted its stake in Dollar General by 0.6% in the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock worth $1,999,000 after purchasing an additional 110 shares in the last quarter. Tectonic Advisors LLC raised its position in shares of Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after buying an additional 113 shares during the period. Wedmont Private Capital raised its position in shares of Dollar General by 2.1% during the 3rd quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock valued at $560,000 after buying an additional 118 shares during the period. Finally, Ancora Advisors LLC raised its position in shares of Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after buying an additional 122 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.