Dollar General (NYSE:DG) Shares Up 1.6%

Dollar General Co. (NYSE:DG)’s share price shot up 1.6% during mid-day trading on Monday . The stock traded as high as $123.60 and last traded at $123.50. 234,362 shares were traded during trading, a decline of 90% from the average session volume of 2,409,373 shares. The stock had previously closed at $121.59.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DG. JPMorgan Chase & Co. reduced their target price on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Wells Fargo & Company reduced their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Evercore ISI cut their price target on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Argus reduced their price objective on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a research note on Thursday, May 30th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $147.86.

Dollar General Stock Down 3.9 %

The firm has a 50 day moving average price of $126.80 and a 200-day moving average price of $138.28. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The firm has a market cap of $26.06 billion, a PE ratio of 17.25, a PEG ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. The business had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. Research analysts forecast that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position 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 buying an additional 3,360,413 shares during the period. Capital International Investors grew its stake in shares of Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dollar General by 11.2% in the 1st 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 purchasing an additional 2,031,593 shares during the last quarter. Capital World Investors grew its stake in shares of Dollar General by 1.0% in the 4th 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 purchased a new position in shares of Dollar General in the 4th quarter valued at approximately $337,150,000. Institutional investors and hedge funds 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.