Dollar General (NYSE:DG) Given New $180.00 Price Target at Gordon Haskett

Dollar General (NYSE:DG) had its price objective boosted by Gordon Haskett from $170.00 to $180.00 in a research note released on Wednesday morning,MarketScreener reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also commented on DG. Evercore ISI boosted their price target on Dollar General from $143.00 to $145.00 in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Telsey Advisory Group restated a “market perform” rating and issued a $130.00 price target (up from $123.00) on shares of Dollar General in a report on Thursday, December 4th. Barclays boosted their price objective on shares of Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, Piper Sandler lifted their price target on shares of Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $144.22.

Dollar General Stock Up 0.6%

NYSE:DG opened at $147.10 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. 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 of $140.65 and a 200 day moving average of $117.94. The firm has a market cap of $32.38 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.43 and a beta of 0.25.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating 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 net margin of 3.03% and a return on equity of 18.59%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, research analysts anticipate 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. Investors of record on Tuesday, January 6th were paid a $0.59 dividend. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Insider Activity at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the sale, the executive vice president owned 36,108 shares in the company, valued at approximately $4,815,001.80. The trade was a 5.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the transaction, the chief accounting officer 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,673 shares of company stock worth $7,713,389 in the last quarter. 0.56% of the stock is owned by insiders.

Institutional Trading of Dollar General

Several large investors have recently made changes to their positions in DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Dollar General by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after purchasing an additional 1,185 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Dollar General by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after buying an additional 1,148 shares during the period. Woodline Partners LP boosted its stake 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 worth $1,634,000 after buying an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Dollar General during the second quarter worth about $211,000. Finally, Blair William & Co. IL grew its holdings in Dollar General by 52.0% during the second quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock worth $648,000 after acquiring an additional 1,938 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

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.