Dollar General (NYSE:DG) PT Raised to $227.00

Dollar General (NYSE:DG – Get Rating) had its price target lifted by equities researchers at Truist Financial from $178.00 to $227.00 in a report issued on Friday, The Fly reports. Truist Financial’s price target suggests a potential upside of 2.19% from the company’s current price.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Dollar General from $220.00 to $255.00 in a research report on Thursday, March 17th. Raymond James reaffirmed a “buy” rating and set a $260.00 price target on shares of Dollar General in a report on Friday, March 18th. StockNews.com cut Dollar General from a “buy” rating to a “hold” rating in a research report on Friday. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $210.00 price target for the company. in a research report on Friday, May 20th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Dollar General from $242.00 to $234.00 in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of “Buy” and a consensus price target of $245.20.

Shares of NYSE DG opened at $222.13 on Friday. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm’s 50-day moving average price is $231.47 and its two-hundred day moving average price is $221.44. Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20. The stock has a market capitalization of $50.82 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.53 and a beta of 0.52.

Dollar General (NYSE:DG – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.10. The business had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.71 billion. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS. As a group, equities research analysts expect that Dollar General will post 11.47 earnings per share for the current year.

In related news, CAO Anita C. Elliott sold 7,502 shares of the stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total transaction of $1,768,221.40. Following the completion of the sale, the chief accounting officer now owns 16,279 shares in the company, valued at approximately $3,836,960.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Emily C. Taylor sold 10,016 shares of the firm’s stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $220.20, for a total transaction of $2,205,523.20. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in DG. Delos Wealth Advisors LLC acquired a new position in shares of Dollar General in the 4th quarter valued at $25,000. Assetmark Inc. raised its position in Dollar General by 335.7% in the third quarter. Assetmark Inc. now owns 122 shares of the company’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. FSB Premier Wealth Management Inc. acquired a new position in Dollar General in the fourth quarter worth about $26,000. TAP Consulting LLC acquired a new stake in Dollar General during the fourth quarter valued at approximately $28,000. Finally, Sandy Cove Advisors LLC acquired a new position in shares of Dollar General in the 4th quarter worth approximately $28,000. Institutional investors own 94.86% of the company’s stock.

About Dollar General (Get Rating)

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.

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