Morgan Stanley Increases Dollar General (NYSE:DG) Price Target to $174.00

Dollar General (NYSE:DG) had its target price boosted by Morgan Stanley from $170.00 to $174.00 in a report published on Friday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently commented on the stock. Loop Capital reiterated a buy rating and issued a $175.00 price target (up previously from $156.00) on shares of Dollar General in a research note on Thursday, August 29th. Barclays boosted their price objective on shares of Dollar General from $141.00 to $180.00 and gave the stock an overweight rating in a research note on Friday, August 30th. Telsey Advisory Group upped their target price on shares of Dollar General from $168.00 to $170.00 and gave the company an outperform rating in a report on Friday. Goldman Sachs Group upgraded shares of Dollar General from a neutral rating to a buy rating and raised their target price for the company from $142.00 to $152.00 in a research note on Thursday, August 8th. Finally, Raymond James set a $180.00 target price on shares of Dollar General and gave the company a buy rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Dollar General has an average rating of Buy and an average price target of $162.95.

Shares of Dollar General stock opened at $154.82 on Friday. Dollar General has a 12-month low of $98.08 and a 12-month high of $166.98. The stock has a market cap of $39.39 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.09 and a beta of 0.51. The company has a quick ratio of 0.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $159.09 and its 200-day moving average is $147.36.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 5th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.04. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.89 billion. Dollar General had a net margin of 6.09% and a return on equity of 25.53%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $1.26 earnings per share. On average, sell-side analysts expect that Dollar General will post 6.62 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.28 dividend on an annualized basis and a yield of 0.83%. Dollar General’s dividend payout ratio (DPR) is currently 21.44%.

Institutional investors have recently added to or reduced their stakes in the business. Keudell Morrison Wealth Management lifted its holdings in Dollar General by 436.9% during the 2nd quarter. Keudell Morrison Wealth Management now owns 19,550 shares of the company’s stock worth $2,642,000 after purchasing an additional 15,909 shares during the last quarter. Glen Harbor Capital Management LLC grew its holdings in Dollar General by 8.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 175,304 shares of the company’s stock valued at $23,694,000 after buying an additional 14,042 shares in the last quarter. Voya Investment Management LLC grew its holdings in Dollar General by 2.5% in the 3rd quarter. Voya Investment Management LLC now owns 147,163 shares of the company’s stock valued at $23,390,000 after buying an additional 3,583 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Dollar General by 16.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 296,864 shares of the company’s stock worth $40,510,000 after buying an additional 42,804 shares during the period. Finally, Prudential Financial Inc. increased its position in Dollar General by 10.8% during the 2nd quarter. Prudential Financial Inc. now owns 273,981 shares of the company’s stock worth $37,032,000 after buying an additional 26,604 shares during the period. 91.71% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Company Profile

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.

Further Reading: Price-Sales Ratio

Analyst Recommendations for Dollar General (NYSE:DG)

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