Brokerages Set Dollar General Corporation (NYSE:DG) PT at $137.62

Shares of Dollar General Corporation (NYSE:DG) have been assigned an average rating of “Moderate Buy” from the thirty brokerages that are presently covering the firm, MarketBeat reports. Fifteen analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $140.1923.

Several analysts recently weighed in on DG shares. Oppenheimer lifted their price target on Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Jefferies Financial Group restated a “buy” rating and issued a $165.00 price target on shares of Dollar General in a research note on Monday, January 12th. BMO Capital Markets lifted their price objective on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, December 5th. Loop Capital increased their target price on shares of Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Finally, Piper Sandler boosted their price target on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, December 5th.

Dollar General Stock Performance

Dollar General stock traded down $2.97 during mid-day trading on Friday, hitting $148.76. 3,816,442 shares of the company’s stock traded hands, compared to its average volume of 2,854,907. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The firm has a 50 day simple moving average of $125.72 and a two-hundred day simple moving average of $113.58. Dollar General has a fifty-two week low of $68.10 and a fifty-two week high of $154.75. The stock has a market cap of $32.74 billion, a price-to-earnings ratio of 25.69, a P/E/G ratio of 2.70 and a beta of 0.26.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. Dollar General’s payout ratio is 40.76%.

Insiders Place Their Bets

In other news, EVP Rhonda Taylor sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the sale, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 58,673 shares of company stock worth $7,713,389. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Dollar General by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after purchasing an additional 1,185 shares during the period. NewEdge Advisors LLC raised its stake in Dollar General by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after buying an additional 1,148 shares during the period. Woodline Partners LP boosted its holdings in Dollar General by 40.7% in the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after acquiring an additional 5,373 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Dollar General by 21.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,321,176 shares of the company’s stock valued at $116,171,000 after acquiring an additional 229,018 shares in the last quarter. Finally, Integrity Alliance LLC. acquired a new position in shares of Dollar General during the first quarter worth approximately $469,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.