Dollar General (NYSE:DG) PT Set at $119.00 by Truist Financial

Dollar General (NYSE:DG) has been assigned a $119.00 target price by equities researchers at Truist Financial in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 3.76% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Loop Capital lifted their price objective on Dollar General from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Guggenheim lifted their price objective on Dollar General from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Piper Sandler lifted their price objective on Dollar General from $112.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Finally, KeyCorp restated a “sector weight” rating on shares of Dollar General in a research report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.80.

Dollar General Price Performance

Dollar General stock opened at $114.68 on Wednesday. Dollar General has a one year low of $66.43 and a one year high of $126.98. The business has a fifty day moving average price of $112.09 and a 200-day moving average price of $95.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The firm has a market capitalization of $25.24 billion, a P/E ratio of 21.89, a PEG ratio of 2.83 and a beta of 0.31.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) 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 analyst estimates of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.65 earnings per share. As a group, equities research analysts forecast that Dollar General will post 5.75 EPS for the current year.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the business’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Institutional Trading of Dollar General

Several large investors have recently bought and sold shares of DG. Vanguard Group Inc. boosted its position in shares of Dollar General by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after purchasing an additional 384,447 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Dollar General by 8.5% in the 1st 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 in the last quarter. ACR Alpine Capital Research LLC boosted its position in shares of Dollar General by 3.9% in the 1st 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 in the last quarter. Invesco Ltd. boosted its position in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock worth $305,079,000 after purchasing an additional 89,067 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Dollar General by 116.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after purchasing an additional 1,458,093 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.