Dollar General (NYSE:DG – Free Report) had its price objective trimmed by Evercore ISI from $162.00 to $160.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has an in-line rating on the stock.
Several other analysts also recently issued reports on DG. Citigroup upped their price objective on shares of Dollar General from $115.00 to $138.00 and gave the stock a neutral rating in a report on Friday, December 8th. Telsey Advisory Group reaffirmed an outperform rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday. Morgan Stanley upped their price target on Dollar General from $160.00 to $170.00 and gave the company an overweight rating in a report on Friday, March 15th. Wells Fargo & Company lifted their price objective on Dollar General from $125.00 to $155.00 and gave the stock an equal weight rating in a report on Friday, March 15th. Finally, StockNews.com upgraded shares of Dollar General from a sell rating to a hold rating in a research report on Wednesday, February 14th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Dollar General currently has an average rating of Hold and an average target price of $152.96.
Check Out Our Latest Stock Analysis on DG
Shares of DG stock traded down $2.42 during mid-day trading on Tuesday, hitting $154.93. 1,736,538 shares of the stock traded hands, compared to its average volume of 2,395,123. The company’s 50-day simple moving average is $144.66 and its 200-day simple moving average is $130.31. The firm has a market cap of $34.03 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General has a twelve month low of $101.09 and a twelve month high of $222.99.
Dollar General (NYSE:DG – Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.96 EPS. As a group, equities research analysts expect that Dollar General will post 7.28 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.52%. Dollar General’s dividend payout ratio is currently 31.22%.
A number of large investors have recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC bought a new position in shares of Dollar General during the 2nd quarter valued at $25,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter valued at about $25,000. Studio Investment Management LLC purchased a new position in shares of Dollar General in the third quarter worth about $26,000. Burkett Financial Services LLC bought a new stake in shares of Dollar General in the 4th quarter valued at about $26,000. Finally, First Manhattan Co. grew its position in Dollar General by 447.4% during the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 85 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.
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