Dollar General Co. (NYSE:DG - Get Free Report) traded up 1.6% during trading on Monday . The company traded as high as $123.60 and last traded at $123.50. 234,362 shares were traded during mid-day 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 Analysts Forecast Growth
A number of analysts have recently weighed in on DG shares. BMO Capital Markets cut their target price on Dollar General from $150.00 to $140.00 and set a "market perform" rating for the company in a research report on Friday, May 31st. Argus dropped their price objective on Dollar General from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, July 15th. JPMorgan Chase & Co. dropped their price objective on Dollar General from $161.00 to $137.00 and set a "neutral" rating for the company in a research report on Friday, May 31st. Piper Sandler dropped their price objective on Dollar General from $147.00 to $141.00 and set a "neutral" rating for the company in a research report on Friday, May 31st. Finally, Loop Capital upped their target price on Dollar General from $135.00 to $140.00 and gave the stock a "hold" rating in a report on Friday, June 28th. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $147.86.
Get Our Latest Report on Dollar General
Dollar General Trading Up 1.0 %
The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm has a fifty day simple moving average of $127.63 and a 200-day simple moving average of $138.43. The firm has a market cap of $27.01 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43.
Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the company earned $2.34 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts expect that Dollar General Co. will post 7.21 earnings per share for the current year.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.92%. Dollar General's dividend payout ratio (DPR) is currently 34.35%.
Institutional Trading of Dollar General
A number of large investors have recently bought and sold shares of DG. Burkett Financial Services LLC purchased a new position in shares of Dollar General in the fourth quarter valued at $26,000. Bank & Trust Co purchased a new position in shares of Dollar General in the second quarter valued at $26,000. Fortis Group Advisors LLC grew its position in shares of Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. grew its position in shares of Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company's stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar General in the second quarter valued at $33,000. 91.77% of the stock is owned by hedge funds and other institutional investors.
Dollar General Company Profile
(Get Free Report)
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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