Dollar General (NYSE:DG) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Dollar General (NYSE:DGGet Rating) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Other analysts also recently issued research reports about the company. Raymond James reaffirmed a buy rating and issued a $260.00 price objective on shares of Dollar General in a research note on Friday, March 18th. JPMorgan Chase & Co. reduced their price objective on Dollar General from $272.00 to $263.00 and set an overweight rating on the stock in a research note on Monday, March 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on Dollar General from $230.00 to $242.00 and gave the stock a buy rating in a research note on Friday, March 18th. BMO Capital Markets lifted their price objective on Dollar General from $250.00 to $265.00 and gave the stock an outperform rating in a research note on Friday, March 18th. Finally, Piper Sandler reduced their price objective on Dollar General from $270.00 to $265.00 and set an overweight rating on the stock in a research note on Friday, March 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of Buy and a consensus target price of $240.75.

Shares of Dollar General stock opened at $187.60 on Thursday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The company has a market cap of $42.92 billion, a PE ratio of 18.46, a P/E/G ratio of 1.53 and a beta of 0.52. The business has a 50 day moving average of $232.88 and a 200 day moving average of $222.02. Dollar General has a 52 week low of $183.25 and a 52 week high of $262.20.

Dollar General (NYSE:DGGet Rating) last released its earnings results on Thursday, March 17th. The company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.01. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The firm had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the prior year, the firm posted $2.62 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts anticipate that Dollar General will post 11.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 19th. Stockholders of record on Tuesday, April 5th were paid a dividend of $0.55 per share. This is a positive change from Dollar General’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, April 4th. This represents a $2.20 annualized dividend and a dividend yield of 1.17%. Dollar General’s payout ratio is 21.65%.

In other Dollar General news, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the completion of the transaction, the chief accounting officer now directly owns 16,279 shares in the company, valued at approximately $3,836,960.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 10,016 shares of the company’s stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $220.20, for a total value of $2,205,523.20. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

A number of institutional investors have recently bought and sold shares of DG. BlackRock Inc. raised its holdings in shares of Dollar General by 1.6% during the 4th quarter. BlackRock Inc. now owns 18,399,415 shares of the company’s stock valued at $4,339,132,000 after purchasing an additional 283,983 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dollar General by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,135,446 shares of the company’s stock valued at $4,037,495,000 after purchasing an additional 125,589 shares in the last quarter. Capital World Investors raised its holdings in shares of Dollar General by 8.8% during the 1st quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock valued at $3,757,569,000 after purchasing an additional 1,369,299 shares in the last quarter. State Street Corp raised its holdings in shares of Dollar General by 1.8% during the 4th quarter. State Street Corp now owns 9,983,184 shares of the company’s stock valued at $2,354,334,000 after purchasing an additional 176,588 shares in the last quarter. Finally, Capital International Investors raised its holdings in shares of Dollar General by 20.1% during the 1st quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock valued at $1,919,292,000 after purchasing an additional 1,442,731 shares in the last quarter. 94.86% of the stock is owned by hedge funds and other institutional investors.

Dollar General Company Profile (Get Rating)

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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