Dollar General Corporation (NYSE:DG) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Dollar General has received an average recommendation of "Hold" from 27 analysts, with 16 holding, 10 buying, and one strongly buying the stock. The average 1-year price target is $108.80.
• Recent target price adjustments include Truist Financial at $119.00, Raymond James at $125.00, and Oppenheimer at $130.00, reflecting varying degrees of confidence in the company's performance.
• Dollar General recently announced a quarterly dividend of $0.59 per share, resulting in a 2.0% dividend yield, with a payout ratio of 45.04%.

Dollar General Corporation (NYSE:DG - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty-seven analysts that are covering the firm, Marketbeat reports. Sixteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $108.80.

Several analysts recently issued reports on DG shares. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and upped their target price for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Barclays increased their target price on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Finally, Loop Capital raised their target price on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th.

Dollar General Stock Down 1.8%

Shares of DG stock traded down $2.08 on Thursday, hitting $112.62. 3,257,500 shares of the stock were exchanged, compared to its average volume of 2,654,206. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $24.78 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.31. The business has a 50-day moving average of $112.08 and a 200 day moving average of $95.54. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. Dollar General's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's payout ratio is currently 45.04%.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Institutional Trading of Dollar General

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Elevation Point Wealth Partners LLC bought a new position in shares of Dollar General in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General in the second quarter valued at approximately $26,000. Altshuler Shaham Ltd bought a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $31,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Dollar General by 46.8% in the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company's stock valued at $50,000 after acquiring an additional 140 shares in the last quarter. 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.