Brokerages Set Dollar General Co. (NYSE:DG) Price Target at $148.41

Shares of Dollar General Co. (NYSE:DG) have earned a consensus rating of “Hold” from the twenty research firms that are covering the stock, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $148.00.

Several research analysts have recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st. Piper Sandler cut their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Raymond James increased their target price on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Evercore ISI lifted their price target on Dollar General from $150.00 to $151.00 and gave the company an “in-line” rating in a report on Thursday. Finally, Loop Capital reduced their price objective on Dollar General from $150.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st.

Dollar General Price Performance

Shares of NYSE:DG opened at $128.77 on Friday. The company has a market capitalization of $28.32 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.45. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock has a fifty day moving average of $137.25 and a 200-day moving average of $139.90. Dollar General has a one year low of $101.09 and a one year high of $173.47.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the previous year, the firm earned $2.34 earnings per share. Dollar General’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 annualized dividend and a yield of 1.83%. Dollar General’s payout ratio is 34.35%.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter worth approximately $25,000. Studio Investment Management LLC acquired a new position in Dollar General during the third quarter worth $26,000. Burkett Financial Services LLC bought a new position in shares of Dollar General during the fourth quarter valued at $26,000. Fortis Group Advisors LLC boosted its stake in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. grew its holdings in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. Institutional investors own 91.77% 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. 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.