JPMorgan Chase & Co. Trims Dollar General (NYSE:DG) Target Price to $97.00

Dollar General (NYSE:DG) had its price objective trimmed by JPMorgan Chase & Co. from $130.00 to $97.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. Truist Financial cut their price target on shares of Dollar General from $135.00 to $130.00 and set a hold rating on the stock in a report on Monday, August 26th. BMO Capital Markets cut 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 research note on Friday. Loop Capital lowered their price objective on Dollar General from $130.00 to $90.00 and set a hold rating for the company in a report on Friday. Oppenheimer restated a market perform rating on shares of Dollar General in a research note on Monday, August 26th. Finally, Argus decreased their target price 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. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $116.55.

Dollar General Stock Performance

Shares of DG stock opened at $82.97 on Friday. The company’s fifty day moving average price is $122.17 and its two-hundred day moving average price is $136.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.18. The firm has a market capitalization of $18.25 billion, a P/E ratio of 12.08, a P/E/G ratio of 2.25 and a beta of 0.43. Dollar General has a 12 month low of $82.68 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same period in the prior year, the company posted $2.13 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts anticipate that Dollar General will post 6.45 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 34.35%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Burkett Financial Services LLC bought a new stake in shares of Dollar General during the fourth quarter valued at about $26,000. Bank & Trust Co acquired a new stake in shares of Dollar General in the 2nd quarter worth approximately $26,000. Fortis Group Advisors LLC boosted its holdings 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 acquiring an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General during the second quarter valued at approximately $33,000. Finally, Montag A & Associates Inc. bought a new stake in Dollar General during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds 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.