Dollar General (NYSE:DG) Price Target Raised to $180.00

Dollar General (NYSE:DG) had its target price boosted by Gordon Haskett from $170.00 to $180.00 in a research report released on Wednesday,MarketScreener reports. Gordon Haskett currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on DG. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Piper Sandler increased their price target on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Citigroup raised their price objective on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Dollar General in a research report on Monday, January 12th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $144.22.

Dollar General Stock Performance

Shares of DG opened at $153.76 on Wednesday. The stock has a market capitalization of $33.85 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.47 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. Dollar General has a 1 year low of $70.01 and a 1 year high of $154.75. The company’s fifty day moving average is $141.54 and its two-hundred day moving average is $118.48.

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

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio is 40.76%.

Insiders Place Their Bets

In related news, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the sale, the executive vice president owned 73,492 shares in the company, valued at approximately $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roderick J. West sold 2,282 shares of the stock in a transaction 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 owned 36,108 shares in the company, valued at $4,815,001.80. This trade represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by insiders.

Institutional Trading of Dollar General

A number of institutional investors and hedge funds have recently modified their holdings of DG. Parkside Financial Bank & Trust grew its position in shares of Dollar General by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 808 shares of the company’s stock valued at $107,000 after buying an additional 69 shares during the last quarter. BOKF NA boosted its stake in Dollar General by 15.2% in the fourth quarter. BOKF NA now owns 554 shares of the company’s stock valued at $74,000 after acquiring an additional 73 shares during the period. Strata Wealth Advisors LLC grew its holdings in shares of Dollar General by 3.3% during the fourth quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company’s stock valued at $314,000 after purchasing an additional 75 shares during the last quarter. Optimize Financial Inc grew its holdings in shares of Dollar General by 1.4% during the fourth quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock valued at $737,000 after purchasing an additional 76 shares during the last quarter. Finally, Tevis Investment Management raised its position in shares of Dollar General by 0.5% during the 3rd quarter. Tevis Investment Management now owns 16,655 shares of the company’s stock worth $1,721,000 after purchasing an additional 77 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

About Dollar General

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.