Dollar General (NYSE:DG) Price Target Raised to $150.00

Dollar General (NYSE:DG) had its price target boosted by Gordon Haskett from $140.00 to $150.00 in a research report report published on Tuesday,MarketScreener reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on DG. Telsey Advisory Group reissued a “market perform” rating and issued a $130.00 price target (up from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. Loop Capital increased their price target on shares of Dollar General from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Sanford C. Bernstein raised their target price on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Oppenheimer upped their price objective on shares of Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, Barclays increased their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $130.52.

Dollar General Price Performance

Shares of NYSE DG opened at $136.56 on Tuesday. The stock has a market cap of $30.06 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.49 and a beta of 0.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $137.90. The firm’s 50-day simple moving average is $109.35 and its 200 day simple moving average is $109.40.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, research analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. Dollar General’s dividend payout ratio is presently 40.76%.

Insider Transactions at Dollar General

In other news, EVP Tracey N. Herrmann sold 4,850 shares of Dollar General stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $131.39, for a total transaction of $637,241.50. Following the completion of the sale, the executive vice president owned 26,098 shares in the company, valued at approximately $3,429,016.22. This trade represents a 15.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. The trade was a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 48,897 shares of company stock worth $6,390,501. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Dollar General

A number of institutional investors have recently made changes to their positions in DG. Elevation Point Wealth Partners LLC purchased a new position in Dollar General in the second quarter worth $25,000. Caldwell Trust Co purchased a new stake in Dollar General during the second quarter valued at about $25,000. Atlantic Union Bankshares Corp bought a new stake in Dollar General during the second quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Dollar General in the 3rd quarter worth about $26,000. Finally, Peoples Financial Services CORP. purchased a new position in shares of Dollar General in the 3rd quarter worth about $35,000. 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.