Evercore ISI Forecasts Strong Price Appreciation for Dollar General (NYSE:DG) Stock

Dollar General (NYSE:DG - Get Free Report) had its price objective increased by analysts at Evercore ISI from $105.00 to $117.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "in-line" rating on the stock. Evercore ISI's price target would suggest a potential upside of 2.78% from the stock's previous close.

Several other analysts have also commented on DG. Guggenheim raised their price objective on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Barclays raised their target price on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday. Piper Sandler raised their target price on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Morgan Stanley raised their target price on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Loop Capital raised their target price on Dollar General from $80.00 to $110.00 and gave the company a "hold" rating in a research report on Wednesday. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of "Moderate Buy" and a consensus price target of $109.04.

Dollar General Price Performance

DG traded up $2.06 during trading on Thursday, hitting $113.83. The company's stock had a trading volume of 4,534,325 shares, compared to its average volume of 4,070,763. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General has a twelve month low of $66.43 and a twelve month high of $135.46. The business's fifty day simple moving average is $94.36 and its 200 day simple moving average is $82.28. The firm has a market capitalization of $25.04 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating 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 company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same period last year, the company earned $1.65 earnings per share. Dollar General's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The stock was 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 of the company's stock, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Dollar General

Institutional investors have recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the fourth quarter valued at $25,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at $31,000. Providence First Trust Co acquired a new stake in shares of Dollar General in the fourth quarter valued at $33,000. Finally, Bogart Wealth LLC grew its stake in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after buying an additional 361 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

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.