Dollar General (NYSE:DG) Lowered to Sell at StockNews.com

StockNews.com lowered shares of Dollar General (NYSE:DGFree Report) from a hold rating to a sell rating in a report published on Tuesday morning.

A number of other research analysts have also recently issued reports on DG. Raymond James lowered their price objective on Dollar General from $160.00 to $150.00 and set an outperform rating for the company in a research note on Wednesday, November 22nd. BNP Paribas assumed coverage on Dollar General in a research report on Tuesday, October 10th. They set a neutral rating and a $116.00 price objective on the stock. Truist Financial increased their price objective on Dollar General from $117.00 to $125.00 and gave the stock a hold rating in a research note on Monday, December 18th. Wells Fargo & Company increased their price objective on Dollar General from $110.00 to $122.00 and gave the company an equal weight rating in a report on Wednesday, December 6th. Finally, Morgan Stanley upgraded Dollar General from an equal weight rating to an overweight rating and raised their target price for the stock from $130.00 to $160.00 in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Hold and a consensus target price of $146.32.

Check Out Our Latest Report on DG

Dollar General Trading Down 0.3 %

NYSE DG opened at $135.20 on Tuesday. The company has a market cap of $29.68 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 2.51 and a beta of 0.39. Dollar General has a 52 week low of $101.09 and a 52 week high of $233.74. The business has a 50 day moving average price of $133.23 and a 200-day moving average price of $131.61. The company has a quick ratio of 0.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.00.

Dollar General (NYSE:DGGet Free Report) last posted its quarterly earnings results on Thursday, December 7th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.07. Dollar General had a return on equity of 31.68% and a net margin of 4.91%. The company had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.64 billion. During the same quarter in the prior year, the company earned $2.33 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that Dollar General will post 7.45 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, January 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.75%. Dollar General’s payout ratio is currently 27.16%.

Hedge Funds Weigh In On Dollar General

Several large investors have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its holdings in Dollar General by 70.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 237 shares of the company’s stock worth $25,000 after purchasing an additional 98 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of Dollar General during the 2nd quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter worth approximately $25,000. Studio Investment Management LLC purchased a new stake in shares of Dollar General during the 3rd quarter valued at $26,000. Finally, First Manhattan Co. grew its stake in shares of Dollar General by 447.4% during the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 90.37% of the company’s stock.

Dollar General Company Profile

(Get Free Report)

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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Analyst Recommendations for Dollar General (NYSE:DG)

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