Dollar General Corporation (NYSE:DG) Receives Average Rating of "Hold" from Brokerages

Dollar General Corporation (NYSE:DG - Get Free Report) has earned a consensus recommendation of "Hold" from the twenty-eight research firms that are covering the company, MarketBeat reports. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $109.08.

DG has been the topic of a number of research reports. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Tuesday, April 8th. Truist Financial boosted their price target 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. Wells Fargo & Company boosted their price target on shares of Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Cfra Research upgraded shares of Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley boosted their price target on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated 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 now directly owns 41,646 shares in the company, valued at approximately $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. Insiders have sold a total of 9,216 shares of company stock valued at $1,017,349 over the last three months. 0.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar General

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC increased its position in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock worth $638,000 after purchasing an additional 122 shares during the last quarter. Studio Investment Management LLC increased its position in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after purchasing an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC grew its position in Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after acquiring an additional 156 shares during the last quarter. CVA Family Office LLC grew its position in Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares during the last quarter. Finally, Allworth Financial LP grew its position in Dollar General by 12.1% during the first quarter. Allworth Financial LP now owns 1,519 shares of the company's stock valued at $142,000 after acquiring an additional 164 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG stock opened at $113.37 on Wednesday. The firm has a market cap of $24.95 billion, a P/E ratio of 21.64, a P/E/G ratio of 3.00 and a beta of 0.26. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The company's 50-day moving average price is $100.43 and its two-hundred day moving average price is $85.54. Dollar General has a 12 month low of $66.43 and a 12 month high of $135.46.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

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.

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