Dollar General Co. (NYSE:DG) Receives $92.26 Average Price Target from Analysts

Shares of Dollar General Co. (NYSE:DG) have received a consensus rating of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $92.26.

Several research analysts recently commented on DG shares. The Goldman Sachs Group reduced their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company cut their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Barclays lowered their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Piper Sandler raised their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Finally, 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.

Dollar General Stock Up 2.7 %

Shares of NYSE:DG opened at $83.84 on Monday. Dollar General has a 52 week low of $66.43 and a 52 week high of $164.12. 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 has a market capitalization of $18.44 billion, a PE ratio of 13.81, a PEG ratio of 2.18 and a beta of 0.44. The company has a 50 day moving average price of $74.58 and a two-hundred day moving average price of $77.70.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) 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 company 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 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. Analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. Dollar General’s payout ratio is currently 46.18%.

Insider Activity

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DG. GSA Capital Partners LLP acquired a new position in shares of Dollar General in the 3rd quarter worth approximately $212,000. Victory Capital Management Inc. lifted its position in shares of Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Dollar General by 13.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,114 shares of the company’s stock worth $263,000 after purchasing an additional 376 shares during the period. KBC Group NV increased its stake in shares of Dollar General by 2.0% in the 3rd quarter. KBC Group NV now owns 34,376 shares of the company’s stock valued at $2,907,000 after acquiring an additional 660 shares in the last quarter. Finally, Curi RMB Capital LLC bought a new stake in shares of Dollar General in the 3rd quarter valued at $328,000. Institutional investors and hedge funds 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.