Dollar General (NYSE:DG) Given New $141.00 Price Target at Piper Sandler

Dollar General (NYSE:DGGet Free Report) had its price target reduced by stock analysts at Piper Sandler from $147.00 to $141.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 10.19% from the stock’s current price.

Other research analysts have also issued reports about the stock. Morgan Stanley upped their target price on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Raymond James upped their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Truist Financial upped their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and an average price target of $152.84.

Check Out Our Latest Report on DG

Dollar General Price Performance

Dollar General stock opened at $127.96 on Friday. Dollar General has a 52 week low of $101.09 and a 52 week high of $204.67. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $145.41 and its 200 day simple moving average is $139.46. The firm has a market capitalization of $28.11 billion, a PE ratio of 16.93, a P/E/G ratio of 2.76 and a beta of 0.44.

Dollar General (NYSE:DGGet Free Report) last released its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.34 EPS. On average, equities research analysts predict that Dollar General will post 7.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of Dollar General 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 sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. purchased a new position in Dollar General in the 4th quarter worth about $25,000. Studio Investment Management LLC bought a new stake in shares of Dollar General in the 3rd quarter valued at approximately $26,000. Burkett Financial Services LLC bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC grew its stake in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. grew its stake in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.