Dollar General (NYSE:DG) Price Target Raised to $178.00

Dollar General (NYSE:DGFree Report) had its target price hoisted by Jefferies Financial Group from $165.00 to $178.00 in a report released on Wednesday morning,MarketScreener reports.

A number of other research analysts have also commented on DG. Rothschild & Co Redburn set a $111.00 price objective on Dollar General and gave the company a “sell” rating in a report on Tuesday, February 17th. Sanford C. Bernstein raised their price target on shares of Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Loop Capital boosted their price objective on shares of Dollar General from $120.00 to $145.00 and gave the company a “hold” rating in a report on Friday, February 6th. Truist Financial set a $144.00 target price on shares of Dollar General in a report on Friday, January 16th. Finally, Morgan Stanley boosted their price target on Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $145.85.

Get Our Latest Stock Analysis on Dollar General

Dollar General Stock Performance

Shares of DG stock opened at $156.13 on Wednesday. Dollar General has a 52 week low of $70.01 and a 52 week high of $158.23. The company has a market capitalization of $34.37 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.55 and a beta of 0.25. The company has a 50-day simple moving average of $145.74 and a 200 day simple moving average of $121.41. 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 (NYSE:DGGet Free Report) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Insider Buying and Selling

In other news, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is owned by company insiders.

Institutional Trading of Dollar General

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Dollar General by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after acquiring an additional 1,185 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Dollar General by 12.3% during the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after purchasing an additional 1,148 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Dollar General by 40.7% during the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after purchasing an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Dollar General in the second quarter valued at approximately $211,000. Finally, AlphaQuest LLC raised its holdings in Dollar General by 478.8% in the 2nd quarter. AlphaQuest LLC now owns 903 shares of the company’s stock valued at $103,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Key Headlines Impacting Dollar General

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

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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Analyst Recommendations for Dollar General (NYSE:DG)

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