Dollar General (NYSE:DG) Price Target Raised to $152.00 at Argus

Dollar General (NYSE:DG) had its target price boosted by Argus from $135.00 to $152.00 in a research report report published on Thursday morning,MarketScreener reports. Argus currently has a buy rating on the stock.

A number of other research analysts have also weighed in on DG. Barclays raised their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Raymond James Financial restated an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. Evercore ISI set a $130.00 target price on shares of Dollar General in a research note on Friday, December 5th. BNP Paribas Exane raised their price target 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. Finally, Piper Sandler upped their price objective on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.73.

Dollar General Price Performance

Shares of NYSE:DG opened at $135.03 on Thursday. The company has a market capitalization of $29.72 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 2.49 and a beta of 0.27. The company’s 50-day moving average is $109.35 and its 200 day moving average is $109.40. 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 fifty-two week low of $66.43 and a fifty-two week high of $137.90.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, equities research analysts forecast 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. Shareholders of record on Tuesday, January 6th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 40.76%.

Insiders Place Their Bets

In other Dollar General news, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction dated 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 completion of the sale, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. The trade was a 9.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Roderick J. West sold 2,282 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the transaction, the executive vice president owned 36,108 shares in the company, valued at approximately $4,815,001.80. This trade represents a 5.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 48,897 shares of company stock valued at $6,390,501. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in Dollar General by 416.4% during the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after purchasing an additional 2,036,573 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dollar General by 116.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock valued at $310,538,000 after buying an additional 1,458,093 shares during the period. Royal Bank of Canada boosted its stake in shares of Dollar General by 251.6% in the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock valued at $178,983,000 after buying an additional 1,456,549 shares in the last quarter. Norges Bank acquired a new position in Dollar General during the second quarter worth $154,371,000. Finally, Massachusetts Financial Services Co. MA raised its position in Dollar General by 15,369.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock worth $139,450,000 after acquiring an additional 1,211,298 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.