Dollar General (NYSE:DG) Given New $140.00 Price Target at Loop Capital

Dollar General (NYSE:DG) had its price objective boosted by Loop Capital from $135.00 to $140.00 in a report released on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. Loop Capital’s target price indicates a potential upside of 7.45% from the stock’s current price.

Several other equities research analysts have also weighed in on DG. Argus increased their target price on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Truist Financial reduced their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. BMO Capital Markets dropped their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st. JPMorgan Chase & Co. decreased their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research note on Thursday, May 30th. Twelve equities research 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 an average rating of “Hold” and a consensus target price of $148.23.

Dollar General Price Performance

Dollar General stock opened at $130.29 on Friday. Dollar General has a 52 week low of $101.09 and a 52 week high of $173.47. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The business’s fifty day moving average is $136.33 and its two-hundred day moving average is $139.91. The firm has a market cap of $28.65 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.54 and a beta of 0.45.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $9.89 billion. During the same period in the prior year, the business posted $2.34 earnings per share. Dollar General’s revenue was up 6.1% compared to the same quarter last year. Equities research analysts forecast that Dollar General will post 7.21 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. American Trust grew its holdings in shares of Dollar General by 16.0% during the 1st quarter. American Trust now owns 24,955 shares of the company’s stock worth $3,894,000 after purchasing an additional 3,433 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in Dollar General in the 1st quarter valued at approximately $45,000. Cetera Advisors LLC lifted its stake in shares of Dollar General by 41.2% in the 1st quarter. Cetera Advisors LLC now owns 16,185 shares of the company’s stock valued at $2,526,000 after acquiring an additional 4,724 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares in the last quarter. Finally, Burney Co. grew its holdings in Dollar General by 118.4% during the 1st quarter. Burney Co. now owns 28,110 shares of the company’s stock worth $4,387,000 after acquiring an additional 15,241 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

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.