Dollar General (NYSE:DG) Cut to “Strong Sell” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Dollar General (NYSE:DG) from a hold rating to a strong sell rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Truist Financial lifted their price target on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, August 29th. Barclays boosted their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Gordon Haskett lowered their price target on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Piper Sandler raised their price objective on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Guggenheim restated a “buy” rating and issued a $125.00 target price on shares of Dollar General in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $118.14.

Dollar General Stock Down 0.0%

Shares of Dollar General stock opened at $104.19 on Thursday. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Dollar General has a 52-week low of $66.43 and a 52-week high of $117.95. The company has a market capitalization of $22.93 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a 50 day moving average of $102.47 and a 200 day moving average of $105.79.

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

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were given a $0.59 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s dividend payout ratio is 43.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DG. Creative Planning boosted its stake in shares of Dollar General by 26.8% during the third quarter. Creative Planning now owns 92,459 shares of the company’s stock worth $9,556,000 after buying an additional 19,546 shares during the period. Lazard Asset Management LLC lifted its position in Dollar General by 266.3% during the 3rd quarter. Lazard Asset Management LLC now owns 53,878 shares of the company’s stock worth $5,568,000 after acquiring an additional 39,168 shares during the period. AQR Capital Management LLC grew its stake in shares of Dollar General by 416.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares during the last quarter. Credit Agricole S A acquired a new position in shares of Dollar General in the third quarter valued at approximately $7,695,000. Finally, Raymond James Financial Inc. raised its stake in shares of Dollar General by 1.5% during the third quarter. Raymond James Financial Inc. now owns 748,130 shares of the company’s stock worth $77,319,000 after purchasing an additional 11,403 shares during the last quarter. 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.