Dollar General (NYSE:DG) Price Target Raised to $140.00 at Loop Capital

Dollar General (NYSE:DG) had its price target hoisted by Loop Capital from $135.00 to $140.00 in a report published on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

Other analysts also recently issued reports about the company. Evercore ISI upped their price objective on Dollar General from $150.00 to $151.00 and gave the stock an in-line rating in a report on Thursday, June 20th. Wells Fargo & Company dropped their target price on shares of Dollar General from $155.00 to $145.00 and set an equal weight rating for the company in a research report on Tuesday, June 4th. Oppenheimer reiterated a market perform rating on shares of Dollar General in a research note on Wednesday, March 6th. Argus raised their target price on shares of Dollar General from $160.00 to $175.00 and gave the company a buy rating in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group increased their price target on Dollar General from $147.00 to $169.00 and gave the company a buy rating in a report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $148.23.

Dollar General Trading Down 1.2 %

Dollar General stock opened at $130.58 on Friday. The stock has a 50-day moving average price of $135.77 and a 200 day moving average price of $140.07. Dollar General has a 52 week low of $101.09 and a 52 week high of $173.47. The stock has a market cap of $28.71 billion, a PE ratio of 19.01, a P/E/G ratio of 2.60 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the firm posted $2.34 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts predict that Dollar General will post 7.21 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, July 23rd. Stockholders of record on Tuesday, July 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.81%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Insider Buying and Selling

In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

Several hedge funds have recently added to or reduced their stakes in DG. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General during the fourth quarter valued at approximately $25,000. Burkett Financial Services LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at $26,000. Fortis Group Advisors LLC grew its holdings in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the period. MV Capital Management Inc. raised its position in Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares in the last quarter. Finally, Lowe Wealth Advisors LLC bought a new position in shares of Dollar General during the 4th quarter valued at about $33,000. 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.