Raymond James Lowers Dollar General (NYSE:DG) Price Target to $120.00

Dollar General (NYSE:DG) had its target price trimmed by Raymond James from $150.00 to $120.00 in a research note published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently weighed in on DG. Gordon Haskett cut shares of Dollar General from a buy rating to a hold rating and set a $90.00 price objective for the company. in a report on Friday. Argus decreased their target price on Dollar General from $175.00 to $170.00 and set a buy rating for the company in a report on Monday, July 15th. Telsey Advisory Group downgraded Dollar General from an outperform rating to a market perform rating and cut their price target for the stock from $168.00 to $103.00 in a report on Friday. Loop Capital decreased their price objective on Dollar General from $130.00 to $90.00 and set a hold rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Dollar General from $161.00 to $137.00 and set a neutral rating on the stock in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Dollar General has an average rating of Hold and an average target price of $116.55.

Dollar General Trading Down 1.3 %

Shares of DG opened at $82.97 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86. Dollar General has a 12-month low of $82.68 and a 12-month high of $168.07. The firm has a 50-day moving average price of $121.22 and a 200 day moving average price of $135.75. 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 (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. Sell-side analysts forecast that Dollar General will post 6.45 EPS for the current year.

Dollar General Dividend Announcement

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

Hedge Funds Weigh In On Dollar General

Several hedge funds have recently bought and sold shares of DG. International Assets Investment Management LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $18,861,000. Federated Hermes Inc. boosted its holdings in shares of Dollar General by 41.0% during the fourth quarter. Federated Hermes Inc. now owns 423 shares of the company’s stock worth $58,000 after purchasing an additional 123 shares during the last quarter. Choreo LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $403,000. Savant Capital LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $481,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Dollar General by 16.3% during the fourth quarter. Victory Capital Management Inc. now owns 101,135 shares of the company’s stock worth $13,749,000 after purchasing an additional 14,182 shares during the last quarter. 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.