Dollar General (NYSE:DG) Price Target Raised to $151.00 at Evercore ISI

Dollar General (NYSE:DG) had its price target boosted by Evercore ISI from $150.00 to $151.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other equities analysts also recently issued reports about the stock. Truist Financial dropped their price objective on shares of Dollar General from $140.00 to $135.00 and set a hold rating on the stock in a research note on Friday, May 31st. Morgan Stanley increased their price objective on shares of Dollar General from $160.00 to $170.00 and gave the company an overweight rating in a research note on Friday, March 15th. Piper Sandler dropped their price objective on shares of Dollar General from $147.00 to $141.00 and set a neutral rating on the stock in a research note on Friday, May 31st. Loop Capital dropped their price objective on shares of Dollar General from $150.00 to $135.00 and set a hold rating on the stock in a research note on Friday, May 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $161.00 to $137.00 and set a neutral rating on the stock in a research note on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $148.00.

Dollar General Price Performance

Shares of DG stock opened at $127.50 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The company has a market capitalization of $28.04 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.49 and a beta of 0.45. The company’s 50-day simple moving average is $137.63 and its two-hundred day simple moving average is $139.94. Dollar General has a one year low of $101.09 and a one year high of $173.47.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.34 EPS. As a group, equities analysts anticipate that Dollar General will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.85%. Dollar General’s dividend payout ratio is currently 34.35%.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General during the fourth quarter worth $25,000. Studio Investment Management LLC purchased a new position in shares of Dollar General during the third quarter worth $26,000. Burkett Financial Services LLC acquired a new stake in Dollar General during the fourth quarter valued at $26,000. Fortis Group Advisors LLC grew its position in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Finally, MV Capital Management Inc. grew its position in Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

About Dollar General

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.