Dollar General (NYSE:DG) Stock Price Up 3.7% – Time to Buy?

Dollar General Co. (NYSE:DG)’s share price rose 3.7% during mid-day trading on Thursday . The company traded as high as $93.70 and last traded at $93.53. Approximately 5,484,108 shares were traded during trading, an increase of 49% from the average daily volume of 3,692,535 shares. The stock had previously closed at $90.20.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price target (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Piper Sandler increased their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Citigroup reduced their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a report on Friday, March 7th. Finally, Barclays cut their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $92.26.

Dollar General Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market capitalization of $20.41 billion, a PE ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.40. The business has a fifty day moving average price of $78.10 and a 200 day moving average price of $78.13.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the company posted $1.83 earnings per share. Dollar General’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

Institutional Investors Weigh In On Dollar General

Several hedge funds have recently modified their holdings of DG. Altshuler Shaham Ltd acquired a new position in shares of Dollar General in the fourth quarter worth about $25,000. IMG Wealth Management Inc. purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter worth approximately $33,000. Providence First Trust Co bought a new stake in shares of Dollar General in the fourth quarter worth $33,000. Finally, Ameriflex Group Inc. acquired a new stake in Dollar General in the fourth quarter valued at $31,000. 91.77% of the stock is currently 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.