Dollar General Co. (NYSE:DG) Receives $153.08 Consensus Target Price from Analysts

Shares of Dollar General Co. (NYSE:DG) have been given a consensus recommendation of “Hold” by the twenty-three research firms that are presently covering the company, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $153.08.

A number of analysts have weighed in on DG shares. Piper Sandler reissued a “neutral” rating and issued a $147.00 price target (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Morgan Stanley raised their price objective on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. boosted their price objective on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, Argus raised their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th.

Dollar General Stock Up 4.4 %

Dollar General stock opened at $145.23 on Tuesday. The firm has a market cap of $31.90 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.75 and a beta of 0.44. The firm has a fifty day moving average price of $146.72 and a two-hundred day moving average price of $139.04. Dollar General has a fifty-two week low of $101.09 and a fifty-two week high of $206.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.96 EPS. As a group, analysts forecast that Dollar General will post 7.27 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is presently 31.22%.

Insider Activity at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DG. Teacher Retirement System of Texas lifted its holdings in shares of Dollar General by 2.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 16,994 shares of the company’s stock valued at $1,798,000 after purchasing an additional 427 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Dollar General by 6.9% during the third quarter. Daiwa Securities Group Inc. now owns 20,090 shares of the company’s stock worth $2,125,000 after acquiring an additional 1,292 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Dollar General by 42.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 341 shares of the company’s stock valued at $36,000 after acquiring an additional 102 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Dollar General by 12.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,200 shares of the company’s stock worth $762,000 after purchasing an additional 773 shares in the last quarter. Finally, Compass Ion Advisors LLC bought a new stake in shares of Dollar General in the third quarter valued at about $328,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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.