Truist Securities started coverage on shares of Dollar General (NYSE:DG) in a research report released on Thursday, Analyst Price Targets reports. The brokerage issued a hold rating and a $228.00 price objective on the stock.
Other analysts have also recently issued reports about the stock. Truist Financial assumed coverage on shares of Dollar General in a research note on Thursday. They issued a hold rating on the stock. Wells Fargo & Company lowered shares of Dollar General from an overweight rating to an equal weight rating and set a $220.00 price target on the stock. in a report on Thursday, January 6th. BMO Capital Markets reissued a buy rating and issued a $250.00 price target on shares of Dollar General in a report on Friday, December 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Dollar General from $254.00 to $251.00 and set a buy rating on the stock in a report on Friday, December 3rd. Finally, Morgan Stanley increased their target price on shares of Dollar General from $245.00 to $250.00 and gave the company an overweight rating in a report on Monday, December 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of $241.48.
DG traded down $7.60 during midday trading on Thursday, reaching $215.46. The company had a trading volume of 82,091 shares, compared to its average volume of 1,829,798. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.15 and a current ratio of 1.08. The stock has a market cap of $49.92 billion, a PE ratio of 21.85, a P/E/G ratio of 1.83 and a beta of 0.50. Dollar General has a 12-month low of $173.50 and a 12-month high of $240.14. The business has a 50-day moving average price of $225.78 and a two-hundred day moving average price of $223.64.
Dollar General declared that its board has approved a stock repurchase program on Thursday, December 2nd that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Tuesday, January 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, January 3rd. Dollar General’s dividend payout ratio (DPR) is presently 16.45%.
In related news, CEO Todd J. Vasos sold 337,456 shares of the company’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $220.97, for a total transaction of $74,567,652.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John W. Garratt sold 29,412 shares of the company’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $223.30, for a total transaction of $6,567,699.60. The disclosure for this sale can be found here. Insiders sold 367,744 shares of company stock worth $81,330,122 in the last three months. Insiders own 0.73% of the company’s stock.
Large investors have recently modified their holdings of the stock. Stephens Inc. AR lifted its position in shares of Dollar General by 7.3% in the 2nd quarter. Stephens Inc. AR now owns 23,728 shares of the company’s stock worth $5,135,000 after purchasing an additional 1,621 shares during the period. Covington Capital Management lifted its position in shares of Dollar General by 6.3% in the 2nd quarter. Covington Capital Management now owns 23,632 shares of the company’s stock worth $5,114,000 after purchasing an additional 1,398 shares during the period. Tandem Investment Advisors Inc. lifted its position in shares of Dollar General by 7.1% in the 3rd quarter. Tandem Investment Advisors Inc. now owns 249,690 shares of the company’s stock worth $52,969,000 after purchasing an additional 16,459 shares during the period. Lake Street Financial LLC lifted its position in shares of Dollar General by 5.1% in the 3rd quarter. Lake Street Financial LLC now owns 2,267 shares of the company’s stock worth $481,000 after purchasing an additional 110 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Dollar General by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 153,386 shares of the company’s stock valued at $32,539,000 after acquiring an additional 3,495 shares during the last quarter. Institutional investors own 91.05% of the company’s stock.
Dollar General Company Profile
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.
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