Dollar General (NYSE:DG) Hits New 1-Year High on Analyst Upgrade

Dollar General Corporation (NYSE:DGGet Free Report)’s share price hit a new 52-week high during trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $165.00 to $178.00. The company traded as high as $156.28 and last traded at $156.1670, with a volume of 465490 shares traded. The stock had previously closed at $153.96.

Several other research firms have also commented on DG. Wells Fargo & Company lifted their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, December 19th. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. BNP Paribas Exane boosted their target price on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. 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 note on Thursday, December 4th. Finally, Daiwa Securities Group raised their price target on shares of Dollar General from $113.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.85.

Check Out Our Latest Analysis on DG

Insider Activity

In related news, EVP Tracey N. Herrmann sold 12,583 shares of Dollar General stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total value of $1,573,755.81. Following the completion of the sale, the executive vice president owned 30,948 shares in the company, valued at approximately $3,870,666.36. This trade represents a 28.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the sale, the chief accounting officer directly owned 29,344 shares in the company, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,673 shares of company stock worth $7,713,389 in the last three months. 0.56% of the stock is currently owned by corporate insiders.

Dollar General News Summary

Here are the key news stories impacting Dollar General this week:

Hedge Funds Weigh In On Dollar General

Institutional investors have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General in the 2nd quarter valued at $25,000. Caldwell Trust Co purchased a new position in Dollar General in the second quarter valued at $25,000. Fideuram Asset Management Ireland dac acquired a new stake in Dollar General in the fourth quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new stake in Dollar General during the 2nd quarter worth about $26,000. Finally, Root Financial Partners LLC acquired a new position in shares of Dollar General during the 3rd quarter worth about $26,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Trading Up 1.4%

The business has a fifty day moving average price of $144.66 and a 200 day moving average price of $120.65. The firm has a market cap of $34.38 billion, a PE ratio of 26.98, a P/E/G ratio of 2.54 and a beta of 0.25. 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:DGGet Free Report) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.5%. Dollar General’s payout ratio is 40.76%.

Dollar General Company Profile

(Get Free Report)

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.

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