Dollar General (NYSE:DG) Price Target Lowered to $88.00 at HSBC

Dollar General (NYSE:DG) had its price objective lowered by HSBC from $100.00 to $88.00 in a report released on Friday morning. HSBC currently has a hold rating on the stock.

DG has been the topic of several other reports. Truist Financial reduced their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Wells Fargo & Company cut their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. BMO Capital Markets lowered their target price on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and cut their price target for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, UBS Group lowered their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.45.

Dollar General Trading Down 1.5 %

NYSE:DG traded down $1.17 on Friday, reaching $75.88. The stock had a trading volume of 3,704,309 shares, compared to its average volume of 3,199,770. Dollar General has a 12-month low of $73.51 and a 12-month high of $168.07. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 2.24 and a beta of 0.45. The firm’s fifty day moving average is $81.85 and its two-hundred day moving average is $110.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 EPS. Equities analysts expect that Dollar General will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is 36.65%.

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar General

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its position in shares of Dollar General by 85.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after purchasing an additional 26,813 shares during the last quarter. 1834 Investment Advisors Co. bought a new position in Dollar General during the 3rd quarter worth approximately $5,650,000. Lecap Asset Management Ltd. grew its position in shares of Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after acquiring an additional 26,165 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Dollar General by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after acquiring an additional 47,534 shares during the last quarter. Finally, Kiltearn Partners LLP acquired a new stake in shares of Dollar General during the 2nd quarter valued at approximately $9,587,000. Institutional investors own 91.77% of the company’s stock.

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.