Dollar General (NYSE:DG) Stock Price Expected to Rise, Truist Financial Analyst Says

Dollar General (NYSE:DG - Get Free Report) had its target price raised by Truist Financial from $93.00 to $112.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price target would suggest a potential downside of 1.61% from the company's previous close.

A number of other research firms also recently weighed in on DG. UBS Group upped their price target on Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday. Loop Capital increased their price objective on Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on Dollar General from $85.00 to $96.00 and gave the company a "buy" rating in a report on Monday, May 19th. Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Citigroup raised Dollar General from a "sell" rating to a "neutral" rating and raised their price target for the company from $69.00 to $101.00 in a report on Monday, April 7th. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $109.04.

Dollar General Stock Up 1.8%

NYSE DG traded up $2.06 during trading hours 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 one year low of $66.43 and a one year high of $135.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company's 50-day moving average is $93.85 and its two-hundred day moving average is $82.03. The company has a market capitalization of $25.04 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $10.25 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The business's revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.56% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC increased its stake in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company's stock valued at $638,000 after buying an additional 122 shares during the period. Studio Investment Management LLC increased its stake in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after buying an additional 139 shares during the period. Deseret Mutual Benefit Administrators increased its stake in shares of Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after buying an additional 150 shares during the period. Eagle Rock Investment Company LLC increased its stake in shares of Dollar General by 0.5% in the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after buying an additional 156 shares during the period. Finally, CVA Family Office LLC increased its stake in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the period. Institutional investors 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.