Dollar General (NYSE:DG) Price Target Increased to $175.00 by Analysts at Argus

Dollar General (NYSE:DGFree Report) had its target price increased by Argus from $160.00 to $175.00 in a research note published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

DG has been the topic of a number of other research reports. Wells Fargo & Company raised their target price on shares of Dollar General from $125.00 to $155.00 and gave the company an equal weight rating in a research report on Friday, March 15th. Telsey Advisory Group raised Dollar General from a market perform rating to an outperform rating and upped their target price for the stock from $155.00 to $170.00 in a report on Friday, March 15th. StockNews.com raised Dollar General from a sell rating to a hold rating in a research note on Wednesday, February 14th. Barclays raised Dollar General from an equal weight rating to an overweight rating and upped their price objective for the company from $124.00 to $154.00 in a research note on Thursday, January 4th. Finally, Piper Sandler reiterated a neutral rating and set a $147.00 target price (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of Hold and an average price target of $153.04.

Check Out Our Latest Stock Analysis on Dollar General

Dollar General Stock Up 1.3 %

Shares of DG opened at $156.24 on Thursday. The firm has a 50 day simple moving average of $143.33 and a two-hundred day simple moving average of $129.53. The company has a market cap of $34.32 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.69 and a beta of 0.41. Dollar General has a one year low of $101.09 and a one year high of $222.99. 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:DGGet Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. Dollar General’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $2.96 earnings per share. Research analysts forecast that Dollar General will post 7.3 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.51%. Dollar General’s dividend payout ratio is currently 31.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Vanguard Group Inc. raised its stake in shares of Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares during the period. Capital International Investors grew its stake in Dollar General by 13.9% in the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after buying an additional 2,273,119 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after acquiring an additional 11,257,537 shares during the period. Capital World Investors lifted its position in shares of Dollar General by 1.0% during the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after acquiring an additional 133,591 shares in the last quarter. Finally, State Street Corp grew its position in shares of Dollar General by 11.3% in the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock valued at $2,055,202,000 after purchasing an additional 994,813 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Dollar General (NYSE:DG)

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