Dollar General (NYSE:DG) PT Raised to $214.00 at Truist Financial

Dollar General (NYSE:DG – Get Rating) had its target price raised by investment analysts at Truist Financial from $211.00 to $214.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential upside of 2.48% from the stock’s previous close.

A number of other equities analysts have also issued reports on DG. Oppenheimer upped their target price on shares of Dollar General from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, November 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $242.00 target price on shares of Dollar General in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Dollar General from $275.00 to $245.00 in a research report on Friday. Barclays assumed coverage on shares of Dollar General in a report on Tuesday, February 7th. They issued an “equal weight” rating and a $237.00 price objective on the stock. Finally, Credit Suisse Group assumed coverage on shares of Dollar General in a report on Monday, December 19th. They issued a “neutral” rating and a $260.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $250.50.

Dollar General Price Performance

NYSE:DG opened at $208.83 on Friday. The firm has a market cap of $46.69 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.34. Dollar General has a 12 month low of $183.25 and a 12 month high of $262.20. The company has a quick ratio of 0.13, a current ratio of 1.23 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $226.41 and its two-hundred day moving average price is $239.17.

Dollar General (NYSE:DG – Get Rating) last announced its earnings results on Thursday, March 16th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.02. Dollar General had a net margin of 6.49% and a return on equity of 38.43%. The company had revenue of $10.20 billion for the quarter, compared to analyst estimates of $10.24 billion. During the same period in the prior year, the business earned $2.57 earnings per share. Dollar General’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities analysts anticipate that Dollar General will post 11.24 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In other news, Director Warren F. Bryant sold 1,951 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total transaction of $475,907.43. Following the completion of the sale, the director now owns 38,269 shares of the company’s stock, valued at $9,334,957.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Several large investors have recently made changes to their positions in DG. Concord Wealth Partners bought a new position in Dollar General in the fourth quarter valued at $25,000. First Manhattan Co. grew its position in Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Financial Freedom LLC acquired a new stake in Dollar General in the fourth quarter valued at $26,000. Accurate Wealth Management LLC acquired a new stake in Dollar General in the fourth quarter valued at $27,000. Finally, Capital Directions Investment Advisors LLC acquired a new stake in Dollar General in the fourth quarter valued at $27,000. Institutional investors own 90.73% of the company’s stock.

Dollar General Company Profile

(Get Rating)

Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.