Dollar General (NYSE:DG) Price Target Raised to $112.00

Dollar General (NYSE:DG - Get Free Report) had its price objective upped by investment analysts at Citigroup from $101.00 to $112.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target points to a potential downside of 1.61% from the company's current price.

A number of other brokerages also recently commented on DG. JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday. Barclays increased their price objective on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday. Telsey Advisory Group increased their price objective on shares of Dollar General from $100.00 to $120.00 and gave the company a "market perform" rating in a research report on Wednesday. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a research report on Wednesday. Finally, UBS Group increased their price objective on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $109.04.

Dollar General Stock Up 1.8%

Dollar General stock traded up $2.06 during mid-day trading on Wednesday, reaching $113.83. 4,534,325 shares of the company's stock were exchanged, compared to its average volume of 4,070,761. Dollar General has a twelve month low of $66.43 and a twelve month high of $135.46. The company has a market cap of $25.04 billion, a P/E ratio of 18.75, a P/E/G ratio of 2.18 and a beta of 0.26. 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 company has a fifty day moving average of $93.85 and a 200-day moving average of $82.03.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the previous year, the firm posted $1.65 EPS. Dollar General's revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts expect that Dollar General will post 5.75 EPS for the current year.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by company insiders.

Institutional Trading of Dollar General

A number of large investors have recently bought and sold shares of DG. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General in the 4th quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the 4th quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General in the 4th quarter worth $31,000. Providence First Trust Co acquired a new stake in shares of Dollar General in the 4th quarter worth $33,000. Finally, Bogart Wealth LLC lifted its stake in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the period. 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.