Dollar General (NYSE:DG) Price Target Raised to $110.00 at Loop Capital

Dollar General (NYSE:DG) had its price target boosted by Loop Capital from $80.00 to $110.00 in a research report report published on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts also recently commented on DG. Melius raised Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $69.00 to $101.00 in a research report on Monday, April 7th. Piper Sandler boosted their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Barclays boosted their price objective on Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Gordon Haskett raised Dollar General from a “reduce” rating to an “accumulate” rating in a research report on Tuesday. Fourteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.19.

Dollar General Stock Performance

NYSE DG opened at $111.89 on Wednesday. The company has a market cap of $24.61 billion, a P/E ratio of 18.43, a P/E/G ratio of 2.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a 50-day moving average of $93.85 and a two-hundred day moving average of $82.03. Dollar General has a 1-year low of $66.43 and a 1-year high of $135.57.

Dollar General (NYSE:DG) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.32. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 EPS. As a group, analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Tuesday, July 8th. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar General

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock worth $405,425,000 after purchasing an additional 118,204 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its holdings in shares of Dollar General by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock worth $369,081,000 after purchasing an additional 155,966 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.