Dollar General Co. (NYSE:DG – Get Free Report) hit a new 52-week low during trading on Wednesday after Barclays lowered their price target on the stock from $154.00 to $102.00. Barclays currently has an overweight rating on the stock. Dollar General traded as low as $81.90 and last traded at $81.90, with a volume of 99261 shares trading hands. The stock had previously closed at $83.79.
A number of other brokerages also recently weighed in on DG. Evercore ISI cut their price objective on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research note on Friday, August 30th. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered their target price on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. BMO Capital Markets dropped their target price on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Finally, Raymond James decreased their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $113.95.
Institutional Trading of Dollar General
A number of large investors have recently bought and sold shares of DG. Burkett Financial Services LLC acquired a new position in shares of Dollar General in the 4th quarter worth approximately $26,000. Fortis Group Advisors LLC boosted its stake in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Dollar General during the second quarter worth approximately $26,000. Salem Investment Counselors Inc. raised its position in shares of Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General in the 2nd quarter valued at $33,000. 91.77% of the stock is currently owned by institutional investors.
Dollar General Price Performance
The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.18 and a current ratio of 1.22. The firm has a market capitalization of $17.83 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.43. The company has a 50-day moving average price of $120.33 and a 200-day moving average price of $135.34.
Dollar General (NYSE:DG – Get 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 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 net margin of 3.57% and a return on equity of 20.62%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. On average, sell-side analysts predict that Dollar General Co. will post 6.45 earnings per share for the current year.
Dollar General Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.
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.