Dollar General (NYSE:DG) had its target price raised by Oppenheimer from $135.00 to $150.00 in a research report released on Thursday morning, The Fly reports. The brokerage currently has a top pick rating on the stock. Oppenheimer also issued estimates for Dollar General’s FY2021 earnings at $7.15 EPS and FY2022 earnings at $7.88 EPS.
A number of other analysts also recently weighed in on the company. Morgan Stanley upped their target price on Dollar General from $118.00 to $129.00 and gave the company an overweight rating in a research report on Wednesday, April 24th. Loop Capital upgraded Dollar General from a hold rating to a buy rating and upped their target price for the company from $105.00 to $152.00 in a research report on Tuesday, April 30th. Raymond James set a $127.00 target price on Dollar General and gave the company a buy rating in a research report on Tuesday, February 26th. Evercore ISI started coverage on Dollar General in a research report on Wednesday, March 20th. They set an underperform rating and a $95.00 target price for the company. Finally, Deutsche Bank downgraded Dollar General from a buy rating to a hold rating in a research report on Thursday, February 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $133.00.
Shares of NYSE DG opened at $135.69 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.12 and a debt-to-equity ratio of 1.52. Dollar General has a one year low of $95.92 and a one year high of $137.35. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 1.92 and a beta of 0.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.28 annualized dividend and a dividend yield of 0.94%. Dollar General’s dividend payout ratio is currently 21.44%.
In related news, EVP Robert D. Ravener sold 8,973 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the completion of the sale, the executive vice president now directly owns 17,794 shares in the company, valued at approximately $2,203,253.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rhonda Taylor sold 16,636 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total value of $1,990,331.04. Following the sale, the executive vice president now owns 33,513 shares of the company’s stock, valued at $4,009,495.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 143,255 shares of company stock valued at $17,037,351. 0.55% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. WESPAC Advisors SoCal LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $30,000. Ellis Investment Partners LLC acquired a new stake in shares of Dollar General in the first quarter valued at about $30,000. Whittier Trust Co. increased its stake in shares of Dollar General by 66.3% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after buying an additional 116 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Dollar General in the first quarter valued at about $39,000. Finally, Zions Bancorporation N.A. acquired a new stake in shares of Dollar General in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.
About Dollar General
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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