Loop Capital Increases Dollar General (NYSE:DG) Price Target to $145.00

Dollar General (NYSE:DG) had its price target lifted by Loop Capital from $120.00 to $145.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Loop Capital’s price objective points to a potential downside of 1.16% from the stock’s current price.

A number of other equities analysts have also recently weighed in on DG. UBS Group reissued a “buy” rating and issued a $168.00 price target on shares of Dollar General in a research note on Friday. Telsey Advisory Group reiterated a “market perform” rating and issued a $130.00 target price (up from $123.00) on shares of Dollar General in a report on Thursday, December 4th. Sanford C. Bernstein lifted their target price on shares of Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Truist Financial set a $144.00 price target on shares of Dollar General in a research report on Friday, January 16th. Finally, The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $143.85.

Dollar General Trading Up 1.2%

Shares of NYSE:DG opened at $146.70 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The stock has a market capitalization of $32.29 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.41 and a beta of 0.25. Dollar General has a 1-year low of $70.01 and a 1-year high of $154.75. The company has a 50 day moving average price of $138.43 and a 200 day moving average price of $117.07.

Dollar General (NYSE:DG) last released its quarterly earnings data 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. The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company’s revenue was up 4.6% compared to the same quarter last year. 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, research analysts anticipate that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Rhonda Taylor sold 7,500 shares of the 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction on Friday, December 19th. The shares were sold at an average price of $135.32, for a total value of $1,322,888.32. Following the sale, the executive vice president directly owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. The trade was a 30.48% 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. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Dollar General

A number of hedge funds and other institutional investors have recently made changes to their positions in DG. Elevation Point Wealth Partners LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at approximately $25,000. Caldwell Trust Co acquired a new stake in Dollar General in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in Dollar General in the second quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in shares of Dollar General during the 3rd quarter worth $26,000. Finally, Peoples Financial Services CORP. bought a new position in shares of Dollar General during the 3rd quarter valued at $35,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

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.