Dollar General Corporation (NYSE:DG) Given Consensus Rating of "Hold" by Brokerages

Dollar General Corporation (NYSE:DG - Get Free Report) has been given a consensus rating of "Hold" by the twenty-seven brokerages that are presently covering the firm, Marketbeat reports. Sixteen equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $108.40.

A number of brokerages have weighed in on DG. Guggenheim lifted their price target on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and lifted their price target for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. Evercore ISI raised their target price on shares of Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research note on Thursday, June 5th. Truist Financial raised their target price on shares of Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler raised their target price on shares of Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday.

Insider Transactions at Dollar General

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Dollar General in the fourth quarter worth approximately $25,000. Ameriflex Group Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $31,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the last quarter. Finally, CVA Family Office LLC grew its holdings in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Dollar General stock traded up $2.03 during mid-day trading on Friday, reaching $109.63. The company had a trading volume of 918,852 shares, compared to its average volume of 4,115,190. Dollar General has a 1 year low of $66.43 and a 1 year high of $126.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The company has a market capitalization of $24.13 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.70 and a beta of 0.31. The stock's 50-day simple moving average is $107.75 and its 200-day simple moving average is $90.23.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the business earned $1.65 earnings per share. Dollar General's revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Dollar General will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.15%. Dollar General's dividend payout ratio (DPR) is 45.04%.

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.