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

Dollar General (NYSE:DG) had its price target lifted by Piper Sandler from $79.00 to $81.00 in a research report sent to investors on Friday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup dropped their price target on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research report on Friday, March 7th. Barclays cut their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. Truist Financial lowered their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Wells Fargo & Company cut their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Finally, Jefferies Financial Group decreased their target price on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. One equities 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 stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $92.26.

Dollar General Stock Down 1.0 %

Shares of NYSE:DG opened at $79.15 on Friday. Dollar General has a 12-month low of $66.43 and a 12-month high of $164.12. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock’s 50-day moving average price is $73.69 and its 200-day moving average price is $78.39. The stock has a market capitalization of $17.41 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the company earned $1.83 EPS. Dollar General’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is 38.88%.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Dollar General in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General in the third quarter worth $33,000. Providence First Trust Co bought a new position in shares of Dollar General during the fourth quarter valued at $33,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Dollar General during the fourth quarter valued at $31,000. Hedge funds and other 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.