Dollar General (NYSE:DG) Price Target Raised to $145.00

Dollar General (NYSE:DG) had its price objective lifted by Loop Capital from $120.00 to $145.00 in a report published on Friday morning,MarketScreener reports. Loop Capital currently has a hold rating on the stock.

Several other brokerages also recently commented on DG. Argus boosted their price objective on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Daiwa Securities Group raised their target price on shares of Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. The Goldman Sachs Group upgraded Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research note on Thursday, January 8th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $130.00 price objective (up from $123.00) on shares of Dollar General in a research note on Thursday, December 4th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $143.85.

Dollar General Price Performance

Shares of Dollar General stock opened at $146.70 on Friday. The stock has a market capitalization of $32.29 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 2.44 and a beta of 0.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The company has a fifty day moving average of $138.43 and a 200-day moving average of $117.18. Dollar General has a 52-week low of $70.01 and a 52-week high of $154.75.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities research analysts expect that Dollar General will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Insider Transactions at Dollar General

In other news, EVP Roderick J. West sold 2,282 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the transaction, the executive vice president directly owned 36,108 shares in the company, valued at approximately $4,815,001.80. This trade represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 58,673 shares of company stock worth $7,713,389. Insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

A number of institutional investors have recently bought and sold shares of DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dollar General by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after buying an additional 1,185 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Dollar General by 12.3% during the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after purchasing an additional 1,148 shares during the last quarter. Woodline Partners LP grew its position in Dollar General by 40.7% during the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after purchasing an additional 5,373 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Dollar General during the 2nd quarter valued at about $211,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Dollar General in the 2nd quarter valued at about $101,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.