Dollar General (NYSE:DG) Price Target Raised to $161.00 at JPMorgan Chase & Co.

Dollar General (NYSE:DG) had its price target upped by JPMorgan Chase & Co. from $158.00 to $161.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued reports about the stock. Raymond James raised their price objective on shares of Dollar General from $150.00 to $165.00 and gave the company an outperform rating in a research note on Friday, March 15th. Piper Sandler reaffirmed a neutral rating and issued a $147.00 price objective (up from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Evercore ISI dropped their price objective on shares of Dollar General from $162.00 to $160.00 and set an in-line rating on the stock in a research note on Tuesday, April 2nd. StockNews.com raised shares of Dollar General from a sell rating to a hold rating in a research note on Wednesday, February 14th. Finally, The Goldman Sachs Group raised their price objective on shares of Dollar General from $147.00 to $169.00 and gave the company a buy rating in a research note on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $153.08.

Dollar General Trading Down 2.1 %

NYSE:DG opened at $144.69 on Monday. The firm’s fifty day moving average is $148.84 and its 200-day moving average is $133.43. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General has a 52 week low of $101.09 and a 52 week high of $222.99. The firm has a market cap of $31.78 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.64 and a beta of 0.42.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping 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 net margin of 4.29% and a return on equity of 26.13%. Dollar General’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 earnings per share. Equities analysts expect that Dollar General will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. Dollar General’s payout ratio is 31.22%.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s 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 transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Large investors have recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Studio Investment Management LLC bought a new position in shares of Dollar General in the third quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new position in shares of Dollar General in the fourth quarter valued at approximately $26,000. First Manhattan Co. boosted its position in shares of 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 acquiring an additional 85 shares during the period. Finally, Financial Freedom LLC bought a new position in shares of Dollar General in the fourth quarter valued at approximately $26,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Company Profile

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.