Dollar General (NYSE:DG) Price Target Raised to $145.00

Dollar General (NYSE:DG) had its price target lifted by BMO Capital Markets from $130.00 to $145.00 in a report published on Friday,MarketScreener reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other research analysts have also recently weighed in on DG. Evercore boosted their price objective on shares of Dollar General from $143.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $165.00 target price on shares of Dollar General in a research note on Monday, January 12th. Barclays raised their price target on Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Citigroup lifted their price objective on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, BNP Paribas Exane increased their target price on Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $144.78.

Dollar General Stock Performance

Shares of DG opened at $153.76 on Friday. The company has a market cap of $33.85 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.56 and a beta of 0.24. The business’s fifty day simple moving average is $141.54 and its two-hundred day simple moving average is $118.65. Dollar General has a 12 month low of $70.01 and a 12 month high of $154.75. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last posted its quarterly 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 return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The company’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. Research analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. Dollar General’s payout ratio is 40.76%.

Insiders Place Their Bets

In other news, EVP Bryan D. Wheeler sold 9,776 shares of the company’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $135.32, for a total value of $1,322,888.32. Following the completion of the transaction, the executive vice president owned 22,295 shares of the company’s stock, valued at $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the sale, the chief accounting officer directly owned 29,344 shares in the company, valued at $3,888,666.88. This trade represents a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,673 shares of company stock worth $7,713,389 in the last three months. 0.56% of the stock is owned by company insiders.

Institutional Trading of Dollar General

Large investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in shares of Dollar General by 9.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 808 shares of the company’s stock valued at $107,000 after purchasing an additional 69 shares in the last quarter. BOKF NA lifted its position in Dollar General by 15.2% during the fourth quarter. BOKF NA now owns 554 shares of the company’s stock valued at $74,000 after purchasing an additional 73 shares during the last quarter. Strata Wealth Advisors LLC grew its stake in shares of Dollar General by 3.3% in the 4th quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company’s stock worth $314,000 after buying an additional 75 shares in the last quarter. Optimize Financial Inc increased its holdings in shares of Dollar General by 1.4% in the 4th quarter. Optimize Financial Inc now owns 5,550 shares of the company’s stock worth $737,000 after buying an additional 76 shares during the last quarter. Finally, Tevis Investment Management raised its position in shares of Dollar General by 0.5% during the 3rd quarter. Tevis Investment Management now owns 16,655 shares of the company’s stock valued at $1,721,000 after buying an additional 77 shares in the last quarter. 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.