Loop Capital Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target boosted by Loop Capital from $120.00 to $145.00 in a research note released on Friday,MarketScreener reports. Loop Capital currently has a hold rating on the stock.

A number of other analysts have also recently commented on the stock. Sanford C. Bernstein upped their price target on shares of Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Morgan Stanley increased their price target on shares of Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Thursday, January 8th. Daiwa Securities Group raised their price target on shares of Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Finally, Barclays upped their price target on shares of Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $143.85.

Dollar General Stock Performance

Shares of DG opened at $146.70 on Friday. The stock has a 50 day moving average of $138.43 and a 200 day moving average of $117.07. The company has a market capitalization of $32.29 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.41 and a beta of 0.25. Dollar General has a 12 month low of $70.01 and a 12 month high of $154.75. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $10.60 billion. During the same period last year, the firm posted $0.89 EPS. The business’s 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, sell-side analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the sale, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $135.32, for a total value of $1,322,888.32. Following the transaction, the executive vice president directly owned 22,295 shares in the company, valued at $3,016,959.40. This trade represents a 30.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,673 shares of company stock worth $7,713,389 in the last ninety days. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Dollar General

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Dollar General by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after buying an additional 412,542 shares during the period. State Street Corp raised its holdings in shares of Dollar General by 9.1% during the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after acquiring an additional 913,373 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Dollar General by 2.1% in the fourth quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock worth $440,286,000 after acquiring an additional 68,723 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Dollar General by 3.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after acquiring an additional 96,825 shares in the last quarter. Finally, Invesco Ltd. increased its position in Dollar General by 7.4% during the 3rd quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock valued at $281,657,000 after purchasing an additional 188,949 shares during the period. 91.77% of the stock is owned by institutional investors.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.