Dollar General (NYSE:DG) Price Target Raised to $170.00

Dollar General (NYSE:DGFree Report) had its price objective boosted by Gordon Haskett from $150.00 to $170.00 in a research note issued to investors on Tuesday,MarketScreener reports. Gordon Haskett currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on DG. Citigroup raised their target price on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Loop Capital raised their target price on shares of Dollar General from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Wells Fargo & Company boosted their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, December 19th. Finally, Sanford C. Bernstein raised their price objective on Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $141.27.

View Our Latest Stock Analysis on Dollar General

Dollar General Trading Down 2.4%

Shares of NYSE:DG opened at $141.62 on Tuesday. The company’s 50-day moving average price is $133.62 and its two-hundred day moving average price is $115.62. Dollar General has a one year low of $69.32 and a one year high of $154.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The stock has a market capitalization of $31.17 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.26.

Dollar General (NYSE:DGGet Free Report) last released 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. 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 analyst estimates of $10.60 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Dollar General’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, equities analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders 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 1.7%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Insider Buying and Selling at Dollar General

In other news, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the sale, the executive vice president owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were 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 of the company’s stock, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 in the last 90 days. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

Several hedge funds and other institutional investors have recently bought and sold shares of DG. Vanguard Group Inc. increased its holdings in shares of Dollar General by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock worth $3,625,822,000 after purchasing an additional 412,542 shares during the period. State Street Corp increased its stake in Dollar General by 9.1% during the 3rd quarter. State Street Corp now owns 10,963,378 shares of the company’s stock worth $1,133,065,000 after acquiring an additional 913,373 shares during the period. Baillie Gifford & Co. raised its holdings in Dollar General by 2.1% in the 4th quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock valued at $440,286,000 after acquiring an additional 68,723 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dollar General by 3.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock worth $290,599,000 after purchasing an additional 96,825 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Dollar General by 7.4% in the third quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock worth $281,657,000 after purchasing an additional 188,949 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General News Roundup

Here are the key news stories impacting Dollar General this week:

Dollar General Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Dollar General (NYSE:DG)

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