Dollar General Co. (NYSE:DG) Receives $92.26 Average Target Price from Brokerages

Shares of Dollar General Co. (NYSE:DG) have been assigned a consensus rating of “Hold” from the twenty-four ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $92.26.

Several research firms have commented on DG. BMO Capital Markets upped their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Truist Financial decreased their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. UBS Group decreased their price target on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. The Goldman Sachs Group decreased their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Morgan Stanley cut their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred 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 sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Large investors have recently bought and sold shares of the stock. IMG Wealth Management Inc. bought a new stake in shares of Dollar General during the 4th quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Dollar General in the 4th quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in Dollar General in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the 3rd quarter worth about $33,000. Finally, Providence First Trust Co purchased a new stake in Dollar General in the 4th quarter worth about $33,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

NYSE:DG opened at $82.38 on Monday. Dollar General has a one year low of $66.43 and a one year high of $164.12. The company has a market cap of $18.12 billion, a P/E ratio of 13.57, a P/E/G ratio of 2.18 and a beta of 0.44. The firm’s fifty day moving average price is $74.13 and its two-hundred day moving average price is $77.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

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.