UBS Group Cuts Dollar General (NYSE:DG) Price Target to $108.00

Dollar General (NYSE:DG) had its target price cut by UBS Group from $155.00 to $108.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

DG has been the subject of a number of other research reports. Piper Sandler cut their price objective on shares of Dollar General from $147.00 to $141.00 and set a neutral rating for the company in a research report on Friday, May 31st. Evercore ISI dropped their target price on Dollar General from $139.00 to $100.00 and set an in-line rating for the company in a report on Friday. Loop Capital decreased their target price on Dollar General from $130.00 to $90.00 and set a hold rating for the company in a research report on Friday. Raymond James dropped their target price on shares of Dollar General from $150.00 to $120.00 and set an outperform rating on the stock in a report on Friday. Finally, Gordon Haskett downgraded shares of Dollar General from a buy rating to a hold rating and set a $90.00 price objective on the stock. in a research report on Friday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $116.55.

Dollar General Trading Down 1.3 %

NYSE: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 stock has a market cap of $18.25 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 2.25 and a beta of 0.43. The company has a 50-day moving average price of $121.22 and a 200-day moving average price of $135.75.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Equities analysts predict that Dollar General will post 6.45 EPS for the current year.

Dollar General Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after purchasing an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. lifted its stake in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the last quarter. Norges Bank acquired a new position in shares of Dollar General in the 4th quarter valued at $337,150,000. Capital International Investors grew its position in shares of Dollar General by 13.9% in the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after buying an additional 2,273,119 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in Dollar General during the 1st quarter worth $301,738,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

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.