Piper Sandler Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its target price raised by stock analysts at Piper Sandler from $79.00 to $81.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price suggests a potential upside of 2.34% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. HSBC dropped their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Truist Financial dropped their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Bank of America dropped their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday. Bernstein Bank cut their price objective on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Performance

DG stock opened at $79.15 on Friday. The company has a market capitalization of $17.41 billion, a P/E ratio of 13.04, a PEG ratio of 2.18 and a beta of 0.44. The company has a 50-day simple moving average of $73.69 and a 200 day simple moving average of $78.06. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $164.12. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the prior year, the company posted $1.83 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts predict that Dollar General will post 5.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

A number of hedge funds have recently bought and sold shares of DG. Sigma Planning Corp boosted its holdings in Dollar General by 72.8% in the 3rd quarter. Sigma Planning Corp now owns 4,299 shares of the company’s stock valued at $364,000 after purchasing an additional 1,811 shares during the period. GSA Capital Partners LLP bought a new stake in Dollar General in the third quarter valued at about $212,000. Sumitomo Mitsui Trust Group Inc. raised its position in Dollar General by 1.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 480,824 shares of the company’s stock worth $40,663,000 after purchasing an additional 8,388 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in Dollar General by 7.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 62,696 shares of the company’s stock worth $5,302,000 after purchasing an additional 4,589 shares during the period. 91.77% of the stock is owned by institutional investors.

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.