Dollar General (NYSE:DG) Price Target Increased to $140.00 by Analysts at Loop Capital

Dollar General (NYSE:DG) had its price objective increased by investment analysts at Loop Capital from $135.00 to $140.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s price objective points to a potential upside of 5.88% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Argus increased their target price on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Morgan Stanley increased their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. The Goldman Sachs Group increased their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. dropped their target price on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, Raymond James upped their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $148.23.

Dollar General Trading Up 1.5 %

NYSE DG opened at $132.23 on Friday. Dollar General has a 12 month low of $101.09 and a 12 month high of $173.47. The company has a 50-day moving average of $135.77 and a 200-day moving average of $140.00. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The company has a market cap of $29.08 billion, a P/E ratio of 19.25, a P/E/G ratio of 2.56 and a beta of 0.45.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $2.34 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts predict that Dollar General will post 7.21 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Dollar General

Several large investors have recently added to or reduced their stakes in DG. Price T Rowe Associates Inc. MD increased its position in Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after buying an additional 11,257,537 shares during the period. Vanguard Group Inc. increased its position in Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after buying an additional 3,457,393 shares during the period. Norges Bank acquired a new position in shares of Dollar General during the fourth quarter valued at $337,150,000. Capital International Investors increased its holdings in shares of Dollar General by 13.9% during the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after purchasing an additional 2,273,119 shares during the period. Finally, Pzena Investment Management LLC acquired a new position in shares of Dollar General during the first quarter valued at $301,738,000. 91.77% of the stock is owned by institutional investors and hedge funds.

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.