Telsey Advisory Group Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target boosted by Telsey Advisory Group from $85.00 to $100.00 in a research report report published on Tuesday, Marketbeat Ratings reports. They currently have a market perform rating on the stock.

A number of other equities research analysts also recently commented on DG. Guggenheim lifted their price objective on Dollar General from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a research report on Friday. Citigroup upgraded Dollar General from a “sell” rating to a “neutral” rating and raised their target price for the company from $69.00 to $101.00 in a research note on Monday, April 7th. Piper Sandler upped their target price on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Finally, Morgan Stanley raised their price target on shares of Dollar General from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dollar General presently has an average rating of “Hold” and an average price target of $97.96.

Dollar General Stock Performance

NYSE:DG opened at $100.90 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $22.19 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. The firm has a 50-day moving average price of $91.73 and a two-hundred day moving average price of $80.98. Dollar General has a twelve month low of $66.43 and a twelve month high of $145.94.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the company posted $1.83 EPS. The company’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts expect that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. Dollar General’s dividend payout ratio (DPR) is 46.18%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Several large investors have recently modified their holdings of DG. First Eagle Investment Management LLC acquired a new position in shares of Dollar General in the 4th quarter valued at $399,433,000. ACR Alpine Capital Research LLC boosted its holdings in shares of Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after buying an additional 3,994,070 shares during the period. Norges Bank purchased a new position in shares of Dollar General in the fourth quarter worth approximately $140,421,000. Two Sigma Investments LP raised its holdings in shares of Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company’s stock valued at $178,491,000 after acquiring an additional 1,797,776 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Dollar General by 5,440.2% in the 1st quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock valued at $139,155,000 after acquiring an additional 1,554,004 shares in the last quarter. 91.77% of the stock is 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.