Dollar General (NYSE:DG) Given New $140.00 Price Target at Loop Capital

Dollar General (NYSE:DG) had its target price upped by Loop Capital from $135.00 to $140.00 in a research report released on Friday morning, Benzinga reports. Loop Capital currently has a hold rating on the stock.

Other equities research analysts have also recently issued reports about the company. Argus upped their target price on Dollar General from $160.00 to $175.00 and gave the stock a buy rating in a research note on Thursday, March 28th. Telsey Advisory Group reaffirmed an outperform rating and issued a $170.00 price objective on shares of Dollar General in a research note on Thursday, May 30th. Truist Financial decreased their target price on Dollar General from $140.00 to $135.00 and set a hold rating on the stock in a research report on Friday, May 31st. Oppenheimer restated a market perform rating on shares of Dollar General in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group upped their price objective on shares of Dollar General from $147.00 to $169.00 and gave the stock a buy rating in a research report on Friday, March 15th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of Hold and an average target price of $148.23.

Dollar General Stock Performance

NYSE:DG opened at $132.23 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General has a fifty-two week low of $101.09 and a fifty-two week high of $173.47. The company has a market cap of $29.08 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.54 and a beta of 0.45. The stock has a fifty day moving average price of $135.77 and a 200-day moving average price of $139.89.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The firm 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 business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.34 earnings per share. As a group, equities analysts anticipate that Dollar General will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Transactions at Dollar General

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

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after buying an additional 3,360,413 shares during the period. Capital International Investors grew its stake in Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after acquiring an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Dollar General by 11.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after acquiring an additional 2,031,593 shares in the last quarter. Capital World Investors raised its position in shares of Dollar General by 1.0% during the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after purchasing an additional 133,591 shares during the period. Finally, Norges Bank bought a new position in shares of Dollar General in the 4th quarter worth $337,150,000. 91.77% of the stock is owned by institutional investors.

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.