Piper Sandler Boosts Dollar General (NYSE:DG) Price Target to $81.00

Dollar General (NYSE:DG) had its price target lifted by Piper Sandler from $79.00 to $81.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 1.21% from the stock’s current price.

Several other analysts also recently commented on the stock. Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Bank of America decreased their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets lifted their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Citigroup lowered their price objective on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Finally, Morgan Stanley dropped their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Stock Performance

Shares of Dollar General stock opened at $80.03 on Friday. The firm’s 50 day moving average is $73.61 and its two-hundred day moving average is $78.70. Dollar General has a 52 week low of $66.43 and a 52 week high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $17.60 billion, a P/E ratio of 13.18, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its earnings results 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 business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 EPS. Research analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

A number of large investors have recently added to or reduced their stakes in DG. Probity Advisors Inc. purchased a new position in Dollar General in the 4th quarter valued at about $265,000. Birmingham Capital Management Co. Inc. AL lifted its stake in shares of Dollar General by 714.4% in the fourth quarter. Birmingham Capital Management Co. Inc. AL now owns 25,370 shares of the company’s stock worth $1,924,000 after acquiring an additional 22,255 shares in the last quarter. Siemens Fonds Invest GmbH boosted its holdings in Dollar General by 390.9% in the fourth quarter. Siemens Fonds Invest GmbH now owns 12,429 shares of the company’s stock valued at $942,000 after purchasing an additional 9,897 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Dollar General in the 4th quarter valued at approximately $12,114,000. Finally, Employees Retirement System of Texas boosted its stake in shares of Dollar General by 61.9% during the 4th quarter. Employees Retirement System of Texas now owns 71,070 shares of the company’s stock valued at $5,389,000 after buying an additional 27,170 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

About Dollar General

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.