Dollar General Corporation (NYSE:DG) Given Average Recommendation of "Hold" by Brokerages

Shares of Dollar General Corporation (NYSE:DG - Get Free Report) have earned an average recommendation of "Hold" from the twenty-six brokerages that are covering the stock, MarketBeat Ratings reports. Fifteen 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 brokers that have issued ratings on the stock in the last year is $112.9167.

A number of research firms have recently weighed in on DG. Cfra Research raised shares of Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. Morgan Stanley increased their price objective on shares of Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Raymond James Financial increased their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th.

Dollar General Stock Down 1.0%

NYSE:DG traded down $1.07 during trading hours on Monday, hitting $104.32. The stock had a trading volume of 2,557,185 shares, compared to its average volume of 3,056,586. The business has a 50 day simple moving average of $110.69 and a two-hundred day simple moving average of $100.32. Dollar General has a 1-year low of $66.43 and a 1-year high of $117.95. 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 company has a market cap of $22.96 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results 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 during 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 business'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. Analysts predict that Dollar General will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General's payout ratio is 43.70%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the transaction, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company's stock worth $229,000 after acquiring an additional 110 shares during the period. Stablepoint Partners LLC raised its position in shares of Dollar General by 0.6% during 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 during the period. Tectonic Advisors LLC lifted its holdings in shares of Dollar General by 1.9% in the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company's stock worth $691,000 after purchasing an additional 113 shares during the last quarter. Ancora Advisors LLC boosted its position in 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 purchasing an additional 122 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock worth $56,000 after buying an additional 128 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

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.