Dollar General (NYSE:DG) Price Target Raised to $170.00 at Gordon Haskett

Dollar General (NYSE:DG) had its price target raised by Gordon Haskett from $150.00 to $170.00 in a research report sent to investors on Tuesday,MarketScreener reports. Gordon Haskett currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Wolfe Research upped their target price on shares of Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Piper Sandler raised their target price on shares of Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Raymond James Financial reiterated an “outperform” rating and set a $135.00 price target on shares of Dollar General in a report on Friday, December 5th. Finally, BNP Paribas Exane increased their price objective on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $141.27.

Dollar General Stock Down 1.8%

Shares of DG opened at $147.55 on Tuesday. The company’s 50-day simple moving average is $131.88 and its 200-day simple moving average is $115.23. 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 has a 1 year low of $69.32 and a 1 year high of $154.75. The stock has a market capitalization of $32.48 billion, a PE ratio of 25.48, a P/E/G ratio of 2.73 and a beta of 0.26.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Insider Buying and Selling at Dollar General

In other news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the sale, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total value of $304,304.70. Following the completion of the sale, the executive vice president directly owned 36,108 shares of the company’s stock, valued at approximately $4,815,001.80. This trade represents a 5.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is owned by insiders.

Institutional Trading of Dollar General

Several institutional investors and hedge funds have recently bought and sold shares of DG. Ameritas Advisory Services LLC purchased a new stake in Dollar General during the 2nd quarter worth $101,000. Vanguard Group Inc. increased its position in shares of Dollar General by 1.5% during the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after acquiring an additional 384,447 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Dollar General by 483.1% in the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock worth $3,503,000 after acquiring an additional 25,377 shares in the last quarter. Korea Investment CORP boosted its holdings in Dollar General by 1.6% in the second quarter. Korea Investment CORP now owns 155,275 shares of the company’s stock valued at $17,760,000 after purchasing an additional 2,511 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Dollar General by 228.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 34,647 shares of the company’s stock valued at $3,963,000 after purchasing an additional 24,094 shares in the last quarter. Hedge funds and other institutional investors 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.