Dollar General (NYSE:DG) Price Target Raised to $96.00

Dollar General (NYSE:DG) had its target price boosted by The Goldman Sachs Group from $85.00 to $96.00 in a research note issued to investors on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other analysts have also recently commented on DG. UBS Group lowered their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Truist Financial lifted their price target on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research report on Tuesday, April 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. Bank of America lowered their price target on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Finally, Guggenheim lifted their price target on Dollar General from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $95.48.

Dollar General Stock Up 5.0%

DG opened at $98.23 on Monday. Dollar General has a 12 month low of $66.43 and a 12 month high of $147.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market cap of $21.61 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.18 and a beta of 0.27. The stock’s 50 day moving average price is $89.28 and its 200 day moving average price is $80.07.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Dollar General

Several hedge funds and other institutional investors have recently modified their holdings of DG. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General in the fourth quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the fourth quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the fourth quarter valued at $31,000. Providence First Trust Co acquired a new stake in Dollar General during the fourth quarter valued at $33,000. Finally, Bogart Wealth LLC boosted its position in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Institutional investors and hedge funds 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.