Dollar General (NYSE:DG) Price Target Cut to $200.00 by Analysts at Raymond James

Posted by Defense World Staff on Jun 3rd, 2023

Dollar General (NYSE:DG – Get Rating) had its price objective cut by Raymond James from $255.00 to $200.00 in a report released on Friday morning, The Fly reports.

A number of other equities research analysts also recently weighed in on DG. Wells Fargo & Company cut their target price on Dollar General from $245.00 to $178.00 in a research report on Friday. Argus upgraded Dollar General from a hold rating to a buy rating and set a $250.00 target price for the company in a research report on Friday, April 21st. OTR Global upgraded Dollar General to a positive rating in a research report on Friday, May 26th. Gordon Haskett downgraded Dollar General from an accumulate rating to a hold rating and cut their target price for the stock from $230.00 to $220.00 in a research report on Friday, March 17th. Finally, Morgan Stanley cut their target price on Dollar General from $255.00 to $235.00 and set an overweight rating for the company in a research report on Friday, February 24th. Ten investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $215.53.

Dollar General Stock Performance

Shares of NYSE DG opened at $166.10 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.14 and a debt-to-equity ratio of 1.26. The stock has a 50 day simple moving average of $212.31 and a 200-day simple moving average of $226.90. The company has a market cap of $36.39 billion, a PE ratio of 15.55, a P/E/G ratio of 1.70 and a beta of 0.34. Dollar General has a 12-month low of $159.12 and a 12-month high of $261.59.

Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings data on Thursday, June 1st. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($0.04). The business had revenue of $9.34 billion for the quarter, compared to analyst estimates of $9.47 billion. Dollar General had a return on equity of 40.63% and a net margin of 6.38%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. On average, equities research analysts forecast that Dollar General will post 11.15 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Monday, July 10th. Dollar General’s dividend payout ratio is currently 22.10%.

Insider Buying and Selling

In other Dollar General news, Director Timothy I. Mcguire acquired 3,550 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The stock was purchased at an average cost of $202.00 per share, for a total transaction of $717,100.00. Following the completion of the acquisition, the director now owns 11,104 shares of the company’s stock, valued at approximately $2,243,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar General

Large investors have recently bought and sold shares of the business. Concord Wealth Partners bought a new stake in Dollar General during the fourth quarter valued at about $25,000. First Manhattan Co. boosted its holdings in Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after acquiring an additional 85 shares during the period. Financial Freedom LLC bought a new stake in Dollar General during the fourth quarter valued at about $26,000. Capital Directions Investment Advisors LLC bought a new stake in Dollar General during the fourth quarter valued at about $27,000. Finally, Accurate Wealth Management LLC bought a new stake in Dollar General during the fourth quarter valued at about $27,000. 90.73% of the stock is currently owned by institutional investors.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.