Dollar General (NYSE:DG) Shares Gap Up to $121.59

Dollar General Co. (NYSE:DG)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $121.59, but opened at $125.37. Dollar General shares last traded at $125.08, with a volume of 352,848 shares traded.

Analyst Upgrades and Downgrades

DG has been the subject of several research analyst reports. BMO Capital Markets lowered their price target 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. Truist Financial cut their price target on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Wells Fargo & Company cut their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th. Evercore ISI cut their target price on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $147.41.

Dollar General Trading Up 2.4 %

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 business’s 50-day simple moving average is $124.18 and its two-hundred day simple moving average is $137.27. The company has a market capitalization of $27.38 billion, a PE ratio of 17.70, a PEG ratio of 2.36 and a beta of 0.43.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Hedge Funds Weigh In On Dollar General

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares in the last quarter. Capital International Investors lifted its position in Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after buying an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Dollar General by 11.2% during 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 buying an additional 2,031,593 shares during the period. Capital World Investors grew its holdings in shares of Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after acquiring an additional 133,591 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Dollar General in the fourth quarter worth $337,150,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About Dollar General

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.