Brokerages Set Price Target for Dollar General Co. (NYSE:DG) at $144.10

VaselineSeptember 1, 2024

0 3 minutes read

Shares of Dollar General Co. (NYSE:DG – Get Free Report ) has earned a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $116.55.

Several research firms have weighed in on DG. Goldman Sachs Group dropped their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research report on Friday. UBS Group decreased their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday. Loop Capital decreased their price target on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their target price on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research report on Friday.

View the latest inventory report on Dollar General

Institutional inputs and outputs

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares during the last quarter. Capital International Investors boosted its holdings in Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after buying an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after buying an additional 2,031,593 shares during the last quarter. Capital World Investors grew its holdings in shares of Dollar General by 1.0% during the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after purchasing an additional 133,591 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Dollar General during the fourth quarter valued at about $337,150,000. Institutional investors and hedge funds own 91.77% of the company’s shares.

Overall performance of dollar stocks

Shares of DG opened at $82.97 on Thursday. The stock has a fifty day moving average price of $122.17 and a 200 day moving average price of $136.05. The stock has a market cap of $18.24 billion, a PE ratio of 12.08, a P/E/G ratio of 2.36 and a beta of 0.43. Dollar General has a 1 year low of $82.68 and a 1 year high of $168.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18, and a current ratio of 1.22.

Dollar General (NYSE:DG – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 22.80% and a net margin of 3.85%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. In the same period last year, the firm posted earnings of $2.13 per share. sell-side analysts anticipate that Dollar General will post 7.21 earnings per share for the current fiscal year.

Announcement of General Dividends in Dollars

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a dividend of $2.36 on an annualized basis and a yield of 2.84%. The ex-dividend date is Tuesday, October 8. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Dollar General Company Profile

(Get a free report

Dollar General Corporation, a discount retailer, provides various merchandise products in the South, Southwest, Midwest, and Eastern United States. Provides consumables including paper and cleaning products such as paper towels, bath tissue, paper tableware, trash and storage bags, disinfectants and laundry detergent; Packaged foods including cereals, pasta, canned soups, fruits and vegetables, spices, seasonings, sugar and flour; and perishables that include milk, eggs, bread, refrigerated and frozen foods, beer and wine.