Truist Financial Increases Dollar General (NYSE:DG) Price Target to $227.00

Dollar General (NYSE:DGGet Rating) had its price objective boosted by Truist Financial from $178.00 to $227.00 in a report released on Friday morning, The Fly reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also commented on DG. Oppenheimer increased their target price on Dollar General to $240.00 in a report on Thursday. Gordon Haskett lowered Dollar General from a buy rating to a hold rating and set a $210.00 target price on the stock. in a report on Friday, May 20th. BMO Capital Markets increased their target price on Dollar General from $250.00 to $265.00 and gave the company an outperform rating in a report on Friday, March 18th. StockNews.com lowered Dollar General from a buy rating to a hold rating in a report on Friday. Finally, Loop Capital restated a buy rating on shares of Dollar General in a research note on Friday, May 20th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $245.20.

Dollar General stock opened at $228.38 on Friday. Dollar General has a twelve month low of $183.25 and a twelve month high of $262.20. The stock’s fifty day simple moving average is $231.45 and its 200-day simple moving average is $221.50. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $52.25 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.53 and a beta of 0.52.

Dollar General (NYSE:DGGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.10. The business had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.71 billion. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. Sell-side analysts predict that Dollar General will post 11.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, July 1st. This represents a $2.20 dividend on an annualized basis and a yield of 0.96%. Dollar General’s payout ratio is currently 21.65%.

In other Dollar General news, EVP Emily C. Taylor sold 10,016 shares of the stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of $220.20, for a total value of $2,205,523.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anita C. Elliott sold 7,502 shares of the stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $235.70, for a total transaction of $1,768,221.40. Following the completion of the transaction, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at $3,836,960.30. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of DG. Financial Consulate Inc. raised its holdings in shares of Dollar General by 3.3% in the 1st quarter. Financial Consulate Inc. now owns 1,280 shares of the company’s stock worth $285,000 after purchasing an additional 41 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of Dollar General by 8.8% during the third quarter. First Mercantile Trust Co. now owns 556 shares of the company’s stock valued at $118,000 after acquiring an additional 45 shares during the period. Seascape Capital Management raised its holdings in shares of Dollar General by 0.3% during the first quarter. Seascape Capital Management now owns 14,894 shares of the company’s stock valued at $3,316,000 after acquiring an additional 45 shares during the period. Alaska Permanent Fund Corp raised its holdings in shares of Dollar General by 3.4% during the first quarter. Alaska Permanent Fund Corp now owns 1,438 shares of the company’s stock valued at $320,000 after acquiring an additional 47 shares during the period. Finally, FinTrust Capital Advisors LLC raised its holdings in shares of Dollar General by 19.7% during the first quarter. FinTrust Capital Advisors LLC now owns 285 shares of the company’s stock valued at $63,000 after acquiring an additional 47 shares during the period. 94.86% of the stock is owned by institutional investors and hedge funds.

About Dollar General (Get Rating)

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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