Dollar General (NYSE:DG) Hits New 52-Week Low – What’s Next?

Dollar General Co. (NYSE:DG) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $74.73 and last traded at $74.81, with a volume of 620006 shares. The stock had previously closed at $76.29.

Analyst Ratings Changes

A number of research analysts recently commented on DG shares. Truist Financial decreased their price objective on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. JPMorgan Chase & Co. lowered their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Finally, The Goldman Sachs Group cut their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $107.05.

Dollar General Stock Up 2.2 %

The stock has a market cap of $16.88 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average of $82.13 and a 200 day moving average of $111.31.

Dollar General (NYSE:DG) last issued 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 return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period last year, the business posted $2.13 EPS. Dollar General’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Dollar General Co. 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. Stockholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.07%. Dollar General’s dividend payout ratio (DPR) is 36.65%.

Insider Buying and Selling

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Dollar General news, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DG. Pzena Investment Management LLC boosted its position in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after acquiring an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General during the third quarter valued at about $194,832,000. Capital International Investors raised its holdings in shares of Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after purchasing an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after buying an additional 765,206 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.