Jefferies Financial Group Has Lowered Expectations for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price objective decreased by Jefferies Financial Group from $110.00 to $90.00 in a research report report published on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

DG has been the subject of several other research reports. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group cut their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Truist Financial cut their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Finally, Loop Capital dropped their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.00.

Dollar General Price Performance

NYSE:DG opened at $77.09 on Friday. Dollar General has a 1-year low of $73.51 and a 1-year high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $81.77 and a 200 day simple moving average of $109.57. The stock has a market capitalization of $16.95 billion, a PE ratio of 11.97, a P/E/G ratio of 2.22 and a beta of 0.45.

Dollar General (NYSE:DG) last released 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). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the prior year, the business posted $2.13 earnings per share. Dollar General’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that Dollar General will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 36.65%.

Insider Buying and Selling at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Industrial Alliance Investment Management Inc. grew its holdings in shares of Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after purchasing an additional 80 shares during the last quarter. Pullen Investment Management LLC boosted its holdings in Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Dollar General by 3.8% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $375,000 after acquiring an additional 103 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in Dollar General by 7.3% in the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after acquiring an additional 113 shares during the last quarter. 91.77% of the stock is currently owned by 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.