Brokerages Set Dollar General Co. (NYSE:DG) Price Target at $148.09

Shares of Dollar General Co. (NYSE:DG) have been assigned a consensus rating of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $147.86.

Several brokerages recently commented on DG. Wells Fargo & Company reduced their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Telsey Advisory Group restated an “outperform” rating and issued a $170.00 target price on shares of Dollar General in a research note on Thursday, May 30th. Argus lowered their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler lowered their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Finally, Evercore ISI lowered their price objective on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd.

Dollar General Stock Up 0.4 %

Shares of DG stock opened at $127.48 on Wednesday. The stock has a market cap of $28.03 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.60 and a beta of 0.43. Dollar General has a one year low of $101.09 and a one year high of $173.47. The stock has a fifty day moving average price of $133.00 and a 200 day moving average price of $139.81. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. Dollar General’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $2.34 earnings per share. Analysts predict that Dollar General will post 7.21 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Hedge Funds Weigh In On Dollar General

Several institutional investors have recently modified their holdings of the business. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General in the 4th quarter valued at approximately $25,000. Burkett Financial Services LLC bought a new stake in Dollar General in the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC lifted its stake in 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 acquiring an additional 100 shares in the last quarter. Bank & Trust Co bought a new stake in Dollar General in the 2nd quarter valued at approximately $26,000. Finally, MV Capital Management Inc. lifted its stake in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares in the last quarter. 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.