Evercore ISI Boosts Dollar General (NYSE:DG) Price Target to $117.00

Dollar General (NYSE:DG) had its price objective boosted by Evercore ISI from $105.00 to $117.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price target suggests a potential upside of 3.11% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DG. Guggenheim boosted their target price on shares of Dollar General from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Bank of America boosted their price target on shares of Dollar General from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Finally, Telsey Advisory Group lifted their price objective on Dollar General from $100.00 to $120.00 and gave the company a “market perform” rating in a research report on Wednesday. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dollar General currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.04.

Dollar General Price Performance

NYSE:DG opened at $113.47 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a 50-day moving average of $94.88 and a 200-day moving average of $82.54. Dollar General has a 52 week low of $66.43 and a 52 week high of $135.46. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.18 and a beta of 0.26.

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

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Several institutional investors have recently modified their holdings of DG. SBI Securities Co. Ltd. bought a new position in Dollar General in the fourth quarter valued at approximately $57,000. Oppenheimer & Co. Inc. raised its holdings in shares of Dollar General by 81.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock worth $428,000 after acquiring an additional 2,534 shares during the period. Private Advisor Group LLC lifted its position in Dollar General by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 6,066 shares of the company’s stock valued at $460,000 after acquiring an additional 524 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Dollar General by 18.1% in the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock worth $8,137,000 after purchasing an additional 16,453 shares during the period. Finally, Bristlecone Advisors LLC boosted its stake in Dollar General by 206.3% in the 4th quarter. Bristlecone Advisors LLC now owns 19,365 shares of the company’s stock worth $1,468,000 after purchasing an additional 13,042 shares during the period. 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.