Dollar General Co. (NYSE:DG) Receives $94.75 Average Target Price from Analysts

Shares of Dollar General Co. (NYSE:DG - Get Free Report) have been assigned an average rating of "Hold" from the twenty-five analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $94.75.

DG has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. Piper Sandler increased their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th.

Dollar General Price Performance

NYSE:DG traded down $0.21 during trading hours on Friday, hitting $88.22. 268,994 shares of the company's stock traded hands, compared to its average volume of 3,836,280. The business's fifty day simple moving average is $81.01 and its two-hundred day simple moving average is $78.28. Dollar General has a 52 week low of $66.43 and a 52 week high of $147.87. The firm has a market cap of $19.40 billion, a P/E ratio of 14.53, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

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Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.83 EPS. On average, research analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.68%. Dollar General's dividend payout ratio is 46.18%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.49% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. First Eagle Investment Management LLC purchased a new position in Dollar General in the 4th quarter worth about $399,433,000. ACR Alpine Capital Research LLC increased its holdings in Dollar General by 8,426.1% during the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after purchasing an additional 3,994,070 shares during the period. Norges Bank purchased a new stake in shares of Dollar General in the 4th quarter worth $140,421,000. Two Sigma Investments LP lifted its position in shares of Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after purchasing an additional 1,797,776 shares during the period. Finally, Pzena Investment Management LLC raised its position in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

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.