Bernstein Bank Issues Pessimistic Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its target price trimmed by Bernstein Bank from $98.00 to $94.00 in a report released on Friday.

Several other equities analysts have also commented on the company. Raymond James dropped their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $170.00 to $100.00 in a report on Friday, August 30th. Truist Financial dropped their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Finally, Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average price target of $104.00.

Dollar General Trading Up 1.6 %

DG opened at $77.09 on Friday. Dollar General has a one year low of $73.51 and a one year high of $168.07. 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. The business’s 50 day moving average price is $81.77 and its 200 day moving average price is $109.57. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion during 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 firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.13 EPS. As a group, equities research analysts expect that Dollar General will post 5.86 EPS for the current year.

Dollar General Announces Dividend

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

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Institutional Trading of Dollar General

Several large investors have recently added to or reduced their stakes in the stock. Bank & Trust Co bought a new stake in shares of Dollar General during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General during the 2nd quarter valued at $33,000. Crewe Advisors LLC bought a new stake in shares of Dollar General during the 1st quarter valued at $40,000. Studio Investment Management LLC raised its position in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares during the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in shares of Dollar General in the 1st quarter worth about $45,000. Institutional investors own 91.77% of the company’s stock.

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.