Dollar General (NYSE:DG) Price Target Increased to $161.00 by Analysts at JPMorgan Chase & Co.

Dollar General (NYSE:DG) had its target price boosted by JPMorgan Chase & Co. from $158.00 to $161.00 in a research report report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

DG has been the topic of a number of other research reports. Oppenheimer reissued a market perform rating on shares of Dollar General in a research note on Wednesday, March 6th. Wells Fargo & Company upped their target price on shares of Dollar General from $125.00 to $155.00 and gave the company an equal weight rating in a research note on Friday, March 15th. Piper Sandler reissued a neutral rating and issued a $147.00 target price (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. StockNews.com raised shares of Dollar General from a sell rating to a hold rating in a research note on Wednesday, February 14th. Finally, Evercore ISI lowered their target price on shares of Dollar General from $162.00 to $160.00 and set an in-line rating on the stock in a research note on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $153.08.

Dollar General Stock Down 2.1 %

Shares of DG opened at $144.69 on Monday. The company has a 50-day simple moving average of $148.84 and a 200-day simple moving average of $133.43. The firm has a market capitalization of $31.78 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.64 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General has a 52 week low of $101.09 and a 52 week high of $222.99.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.96 earnings per share. On average, equities research analysts expect that Dollar General will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.63%. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.

Insiders Place Their Bets

In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Large investors have recently made changes to their positions in the stock. First Manhattan Co. grew its position in Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Financial Freedom LLC bought a new position in Dollar General in the fourth quarter valued at $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Dollar General in the 1st quarter valued at about $28,000. Atlas Capital Advisors LLC bought a new position in shares of Dollar General in the 2nd quarter valued at about $32,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Dollar General in the 4th quarter valued at about $25,000. 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.