Loop Capital Forecasts Strong Price Appreciation for Dollar General (NYSE:DG) Stock

Dollar General (NYSE:DG) had its target price upped by investment analysts at Loop Capital from $80.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price would suggest a potential downside of 3.37% from the stock’s current price.

A number of other analysts have also issued reports on the company. Guggenheim lifted their price target on Dollar General from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a research note on Friday, May 23rd. Wells Fargo & Company boosted their price objective on Dollar General from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.04.

Dollar General Stock Performance

Shares of NYSE:DG opened at $113.83 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The business’s 50 day moving average price is $94.36 and its 200-day moving average price is $82.28. The firm has a market capitalization of $25.04 billion, a PE ratio of 18.75, a P/E/G ratio of 2.18 and a beta of 0.26. Dollar General has a 1 year low of $66.43 and a 1 year high of $135.46.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. As a group, equities research analysts expect that Dollar General will post 5.75 earnings per share for the current fiscal year.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Several institutional investors and hedge funds have recently modified their holdings of DG. Ancora Advisors LLC grew its stake in Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after purchasing an additional 122 shares in the last quarter. Studio Investment Management LLC boosted its position in shares of Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock worth $75,000 after acquiring an additional 139 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after acquiring an additional 150 shares in the last quarter. Eagle Rock Investment Company LLC boosted its position in shares of Dollar General by 0.5% during the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company’s stock worth $2,548,000 after acquiring an additional 156 shares in the last quarter. Finally, CVA Family Office LLC boosted its position in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other 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.