Dollar General Corporation (NYSE:DG) Receives Consensus Rating of “Hold” from Analysts

Shares of Dollar General Corporation (NYSE:DG) have received a consensus rating of “Hold” from the twenty-seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $118.1364.

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Evercore ISI cut their price target on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. The Goldman Sachs Group cut Dollar General from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. Wolfe Research initiated coverage on shares of Dollar General in a research note on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price on the stock. Finally, Piper Sandler raised their target price on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, August 29th.

Institutional Trading of Dollar General

A number of hedge funds and other institutional investors have recently bought and sold shares of DG. Cardinal Point Capital Management ULC boosted its position in shares of Dollar General by 5.0% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock worth $219,000 after acquiring an additional 100 shares in the last quarter. Brooks Moore & Associates Inc. boosted its holdings in Dollar General by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 7,590 shares of the company’s stock valued at $784,000 after purchasing an additional 100 shares in the last quarter. Meridian Wealth Management LLC increased its stake in Dollar General by 5.5% in the third quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock valued at $202,000 after purchasing an additional 102 shares during the last quarter. Accurate Wealth Management LLC raised its holdings in Dollar General by 1.2% during the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after purchasing an additional 108 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after buying an additional 110 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 1.6%

Shares of NYSE:DG opened at $101.92 on Friday. The firm has a market capitalization of $22.43 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. Dollar General has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The firm’s 50-day moving average is $102.05 and its two-hundred day moving average is $106.04.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts predict that Dollar General will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s payout ratio is 43.70%.

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.