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

Dollar General Co. (NYSE:DG) has received a consensus recommendation of “Hold” from the twenty-three analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $98.27.

Several research firms recently commented on DG. The Goldman Sachs Group dropped 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. Sanford C. Bernstein initiated coverage on Dollar General in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target for the company. Evercore ISI decreased their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Truist Financial dropped their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Finally, BMO Capital Markets lifted their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Large investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its holdings in shares of Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Dollar General by 7.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock worth $220,000 after purchasing an additional 113 shares during the period. Lummis Asset Management LP boosted its stake in shares of Dollar General by 1.2% during the 2nd quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock valued at $1,245,000 after purchasing an additional 115 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Dollar General by 2.0% during the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock valued at $596,000 after buying an additional 135 shares during the period. Finally, Aptus Capital Advisors LLC raised its stake in Dollar General by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 3,910 shares of the company’s stock worth $517,000 after buying an additional 138 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 1.3 %

DG opened at $74.67 on Wednesday. Dollar General has a fifty-two week low of $72.12 and a fifty-two week high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company’s 50-day moving average is $77.24 and its 200 day moving average is $95.43. The firm has a market capitalization of $16.42 billion, a P/E ratio of 12.30, a PEG ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG) 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 business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business posted $1.26 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Research analysts expect that Dollar General will post 5.77 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

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.