Dollar General Corporation (NYSE:DG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dollar General Corporation (NYSE:DG) have been given a consensus rating of “Moderate Buy” by the thirty analysts that are covering the stock, Marketbeat reports. Fifteen analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $137.6154.

A number of analysts have recently weighed in on DG shares. Wolfe Research raised their price objective on Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Loop Capital boosted their price target on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Guggenheim increased their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Barclays boosted their target price on shares of Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Citigroup lifted their price objective on shares of Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th.

Dollar General Stock Performance

Shares of Dollar General stock opened at $142.79 on Friday. The company has a market capitalization of $31.43 billion, a PE ratio of 24.66, a P/E/G ratio of 2.60 and a beta of 0.26. The company has a 50-day simple moving average of $120.59 and a two-hundred day simple moving average of $112.31. Dollar General has a one year low of $66.43 and a one year high of $146.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.7%. Dollar General’s dividend payout ratio is currently 40.76%.

Insider Transactions at Dollar General

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. This trade represents a 7.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the sale, the executive vice president owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Dollar General by 0.3% during the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after buying an additional 78,854 shares in the last quarter. State Street Corp increased its holdings in Dollar General by 9.1% in the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after buying an additional 913,373 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Dollar General by 3.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock worth $290,599,000 after acquiring an additional 96,825 shares during the period. Invesco Ltd. boosted its stake in shares of Dollar General by 7.4% during the 3rd quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock worth $281,657,000 after acquiring an additional 188,949 shares in the last quarter. Finally, Baupost Group LLC MA grew its position in shares of Dollar General by 26.7% during the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after acquiring an additional 562,000 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.