Dollar General Co. (NYSE:DG) Receives $98.27 Average Target Price from Analysts

Shares of Dollar General Co. (NYSE:DGGet Free Report) have earned a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $98.27.

A number of brokerages recently weighed in on DG. BMO Capital Markets lifted their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Evercore ISI lowered their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reduced their price objective on Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, December 6th.

Get Our Latest Report on DG

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dollar General

Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. increased its holdings in Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after purchasing an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. bought a new position in Dollar General during the 3rd quarter worth approximately $5,650,000. Lecap Asset Management Ltd. grew its holdings in shares of Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after buying an additional 26,165 shares during the period. Victory Capital Management Inc. grew its stake in Dollar General by 62.9% in the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after acquiring an additional 64,336 shares during the period. Finally, Kiltearn Partners LLP bought a new stake in Dollar General during the 2nd quarter worth approximately $9,587,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

Dollar General stock opened at $74.67 on Wednesday. The firm’s 50-day simple moving average is $77.36 and its 200 day simple moving average is $96.23. The firm has a market capitalization of $16.42 billion, a PE ratio of 12.30, a P/E/G ratio of 2.37 and a beta of 0.44. Dollar General has a 52 week low of $72.12 and a 52 week high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DGGet Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Dollar General will post 5.77 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General’s payout ratio is presently 38.88%.

Dollar General Company Profile

(Get Free Report

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.

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Analyst Recommendations for Dollar General (NYSE:DG)

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