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

Dollar General (NYSE:DG) had its price target upped by investment analysts at BMO Capital Markets from $130.00 to $145.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 5.70% from the stock’s current price.

DG has been the topic of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. Piper Sandler increased their target price on shares of Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Loop Capital boosted their price target on Dollar General from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Morgan Stanley upped their price objective on Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Thursday, January 8th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $144.78.

Dollar General Stock Up 3.5%

DG opened at $153.76 on Friday. The stock has a market capitalization of $33.85 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.25. 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 one year low of $70.01 and a one year high of $154.75. The business’s 50-day simple moving average is $141.54 and its 200-day simple moving average is $118.48.

Dollar General (NYSE:DG) last released its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the business posted $0.89 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Insider Transactions at Dollar General

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the sale, the chief accounting officer directly owned 29,344 shares in the company, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the transaction, the executive vice president directly owned 73,492 shares in the company, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 Trading of Dollar General

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Dollar General by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after buying an additional 1,185 shares in the last quarter. NewEdge Advisors LLC raised its position in Dollar General by 12.3% during the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after acquiring an additional 1,148 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Dollar General by 40.7% in the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock valued at $1,634,000 after purchasing an additional 5,373 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Dollar General in the second quarter valued at approximately $211,000. Finally, Apollon Wealth Management LLC grew its position in shares of Dollar General by 7.8% in the second quarter. Apollon Wealth Management LLC now owns 3,266 shares of the company’s stock valued at $374,000 after purchasing an additional 235 shares during the last quarter. 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.