Loop Capital Boosts Dollar General (NYSE:DG) Price Target to $145.00

Dollar General (NYSE:DG) had its price target hoisted by research analysts at Loop Capital from $120.00 to $145.00 in a research note issued on Friday,MarketScreener reports. The firm presently has a “hold” rating on the stock. Loop Capital’s price target would indicate a potential downside of 1.16% from the company’s current price.

Other analysts also recently issued reports about the stock. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $130.00 target price (up from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Thursday, January 8th. Raymond James Financial reaffirmed an “outperform” rating and set a $135.00 target price on shares of Dollar General in a research note on Friday, December 5th. Jefferies Financial Group reissued a “buy” rating and issued a $165.00 price target on shares of Dollar General in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $143.85.

Dollar General Price Performance

Shares of NYSE DG opened at $146.70 on Friday. Dollar General has a 1 year low of $70.01 and a 1 year high of $154.75. The stock has a market capitalization of $32.29 billion, a P/E ratio of 25.34, a P/E/G ratio of 2.44 and a beta of 0.25. The company’s 50-day moving average is $138.43 and its 200 day moving average is $117.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

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

Insider Activity

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president directly owned 22,295 shares in the company, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tracey N. Herrmann sold 12,583 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total value of $1,573,755.81. Following the completion of the transaction, the executive vice president owned 30,948 shares in the company, valued at approximately $3,870,666.36. This trade represents a 28.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,673 shares of company stock valued at $7,713,389 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DG. Bryn Mawr Trust Advisors LLC bought a new position in shares of Dollar General during the 3rd quarter valued at approximately $8,803,000. Ameritas Advisory Services LLC purchased a new position in Dollar General during the second quarter worth $101,000. Allianz Asset Management GmbH boosted its stake in Dollar General by 16.3% during the third quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock worth $83,263,000 after buying an additional 112,862 shares during the period. Vanguard Group Inc. increased its position in Dollar General by 1.5% during the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares during the last quarter. Finally, Empowered Funds LLC raised 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 valued at $3,503,000 after acquiring an additional 25,377 shares during the period. 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.