Dollar General (DG) – Analysts’ Weekly Ratings Updates

Dollar General (NYSE: DG) recently received a number of ratings updates from brokerages and research firms:

• 12/6/2024 – Dollar General had its price target raised by analysts at BMO Capital Markets from $80.00 to $84.00. They now have a “market perform” rating on the stock.
• 12/6/2024 – Dollar General had its price target lowered by analysts at Truist Financial Co. from $94.00 to $83.00. They now have a “hold” rating on the stock.
• 12/6/2024 – Dollar General had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $122.00 to $104.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Dollar General was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “buy” rating. They now have a $95.00 price target on the stock.
• 12/5/2024 – Dollar General had its price target lowered by analysts at Wells Fargo & Company from $90.00 to $80.00. They now have an “equal weight” rating on the stock.
• 12/3/2024 – Dollar General had its price target lowered by analysts at Evercore ISI from $97.00 to $95.00. They now have an “in-line” rating on the stock.
• 12/2/2024 – Dollar General had its price target lowered by analysts at Telsey Advisory Group from $103.00 to $90.00. They now have a “market perform” rating on the stock.
• 11/18/2024 – Dollar General had its price target lowered by analysts at BMO Capital Markets from $90.00 to $80.00. They now have a “market perform” rating on the stock.
• 11/15/2024 – Dollar General had its price target lowered by analysts at HSBC Holdings plc from $100.00 to $88.00. They now have a “hold” rating on the stock.
• 11/15/2024 – Dollar General had its price target lowered by analysts at Evercore ISI from $101.00 to $97.00. They now have a “hold” rating on the stock.
• 11/15/2024 – Dollar General had its price target lowered by analysts at Jefferies Financial Group Inc. from $110.00 to $90.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Dollar General had its price target lowered by analysts at Bernstein Bank from $98.00 to $94.00.
• 11/8/2024 – Dollar General was upgraded by analysts at Gordon Haskett from a “hold” rating to a “strong-buy” rating.
• 11/5/2024 – Dollar General had its price target lowered by analysts at JPMorgan Chase & Co. from $97.00 to $82.00. They now have a “neutral” rating on the stock.

Dollar General Stock Up 0.0 %

Dollar General stock opened at $74.64 on Wednesday. The firm has a market capitalization of $16.42 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.37 and a beta of 0.44. The stock’s fifty day simple moving average is $78.16 and its 200-day simple moving average is $98.29. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Dollar General Co. will post 5.77 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.16%. Dollar General’s payout ratio is 38.88%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

Several institutional investors have recently modified their holdings of the stock. Pzena Investment Management LLC lifted its position in Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after acquiring an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA acquired a new stake in shares of Dollar General during the third quarter worth about $194,832,000. Point72 Asset Management L.P. lifted its holdings in shares of Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares during the last quarter. State Street Corp boosted its position in shares of Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after buying an additional 704,639 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.