Dollar General (NYSE:DG) Given New $170.00 Price Target at Oppenheimer

Dollar General (NYSE:DG) had its target price upped by stock analysts at Oppenheimer from $145.00 to $170.00 in a report issued on Tuesday, MarketBeat reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 11.35% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Piper Sandler lifted their target price on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, December 5th. BNP Paribas Exane lifted their target price on Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Wells Fargo & Company increased their price target on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, December 19th. UBS Group restated a “buy” rating and set a $168.00 price objective on shares of Dollar General in a report on Friday, February 6th. Finally, BMO Capital Markets increased their target price on Dollar General from $130.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $145.37.

Dollar General Stock Up 1.3%

DG stock opened at $152.67 on Tuesday. Dollar General has a one year low of $70.01 and a one year high of $155.00. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The company has a fifty day moving average of $144.27 and a 200-day moving average of $120.39. The stock has a market capitalization of $33.60 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.50 and a beta of 0.24.

Dollar General (NYSE:DG) last released its earnings results 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. The company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts expect that Dollar General will post 5.75 EPS for the current year.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 19,166 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the sale, the executive vice president owned 43,179 shares in the company, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $135.32, for a total value of $1,322,888.32. Following the sale, the executive vice president directly owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 58,673 shares of company stock worth $7,713,389 over the last quarter. Insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

A number of hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new position in Dollar General during the fourth quarter valued at approximately $411,000. Blue Capital Inc. acquired a new stake in shares of Dollar General during the 4th quarter valued at $212,000. Dean Capital Management grew its holdings in shares of Dollar General by 3.2% during the 4th quarter. Dean Capital Management now owns 23,017 shares of the company’s stock valued at $3,056,000 after acquiring an additional 709 shares in the last quarter. Wick Capital Partners LLC acquired a new position in shares of Dollar General in the fourth quarter worth $448,000. Finally, Compound Planning Inc. raised its holdings in shares of Dollar General by 13.7% during the fourth quarter. Compound Planning Inc. now owns 3,507 shares of the company’s stock worth $466,000 after acquiring an additional 423 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

About Dollar General

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.