Brokerages Set Dollar General Co. (NYSE:DG) Price Target at $94.75

Dollar General Co. (NYSE:DG) has received an average recommendation of “Hold” from the twenty-five ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $94.75.

Several equities analysts have recently weighed in on DG shares. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Truist Financial raised their price objective on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 8th. Melius raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, April 8th. Bank of America lowered their price target on shares of 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, Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th.

Dollar General Price Performance

Dollar General stock opened at $89.11 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company’s fifty day moving average price is $80.35 and its 200 day moving average price is $78.19. The stock has a market capitalization of $19.60 billion, a P/E ratio of 14.68, a P/E/G ratio of 2.18 and a beta of 0.40. Dollar General has a 1 year low of $66.43 and a 1 year high of $150.40.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.65%. Dollar General’s payout ratio is currently 46.18%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.

Institutional Trading of Dollar General

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Studio Investment Management LLC grew its holdings in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock valued at $75,000 after purchasing an additional 139 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after acquiring an additional 150 shares in the last quarter. Eagle Rock Investment Company LLC increased its position in shares of Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company’s stock worth $2,548,000 after acquiring an additional 156 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after acquiring an additional 161 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Dollar General by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock valued at $164,000 after acquiring an additional 192 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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.