Dollar General (NYSE:DG) Price Target Raised to $119.00

Dollar General (NYSE:DG - Get Free Report) had its price target lifted by equities researchers at Barclays from $100.00 to $119.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 4.54% from the company's current price.

Several other analysts also recently commented on DG. Citigroup upgraded Dollar General from a "sell" rating to a "neutral" rating and increased their target price for the company from $69.00 to $101.00 in a research note on Monday, April 7th. Morgan Stanley raised their price target on Dollar General from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Telsey Advisory Group raised their price target on Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a research note on Wednesday. Sanford C. Bernstein set a $120.00 price target on Dollar General in a report on Friday, May 23rd. Finally, UBS Group boosted their target price on Dollar General from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Fifteen 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 stock has an average rating of "Moderate Buy" and a consensus target price of $109.04.

Dollar General Stock Up 1.8%

DG traded up $2.06 during trading on Wednesday, hitting $113.83. 4,534,325 shares of the company's stock traded hands, compared to its average volume of 4,070,761. The company's 50 day simple moving average is $93.85 and its two-hundred day simple moving average is $82.03. 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 12-month low of $66.43 and a 12-month high of $135.46. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results 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 business had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the business posted $1.65 EPS. The company's revenue was up 5.3% compared to the same quarter last year. Analysts predict that Dollar General will post 5.75 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 stock. IMG Wealth Management Inc. purchased a new position in Dollar General in the 4th quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in Dollar General in the 4th quarter valued at about $25,000. Ameriflex Group Inc. purchased a new position in Dollar General in the 4th quarter valued at about $31,000. Providence First Trust Co purchased a new position in Dollar General in the 4th quarter valued at about $33,000. Finally, Bogart Wealth LLC lifted its stake in Dollar General by 279.8% in the 4th 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 hedge funds and other institutional investors.

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.