Dollar General (NYSE:DG) Price Target Raised to $160.00

Dollar General (NYSE:DG) had its price objective increased by Morgan Stanley from $135.00 to $160.00 in a report released on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, December 19th. Piper Sandler lifted their target price on Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Raymond James Financial reissued an “outperform” rating and issued a $135.00 target price on shares of Dollar General in a research note on Friday, December 5th. Daiwa Capital Markets raised their price target on Dollar General from $113.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Finally, Citigroup lifted their price objective on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $140.19.

Dollar General Price Performance

Shares of DG opened at $148.76 on Thursday. The stock has a market cap of $32.75 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 2.70 and a beta of 0.26. Dollar General has a 1 year low of $68.10 and a 1 year high of $154.75. The stock’s 50-day moving average price is $125.72 and its two-hundred day moving average price is $113.58. 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 announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The business 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%. Dollar General’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, equities analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Insider Activity

In other news, EVP Carman R. Wenkoff sold 19,166 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer directly owned 29,344 shares in the company, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dollar General

A number of large investors have recently modified their holdings of the business. Caldwell Trust Co bought a new stake in Dollar General during the second quarter worth about $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Dollar General during the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the 2nd quarter worth approximately $26,000. Root Financial Partners LLC acquired a new stake in shares of Dollar General in the 3rd quarter valued at approximately $26,000. Finally, Eastern Bank bought a new position in shares of Dollar General in the fourth quarter valued at $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Company Profile

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.