Dollar General (NYSE:DG) Stock Price Expected to Rise, Wolfe Research Analyst Says

Key Points

• Wolfe Research raised its price target on Dollar General to $165 (from $159), implying roughly a 14.95% upside, while the Street consensus remains a "Hold" with an average target near $146.15.
• DG traded at $143.54 mid‑day with a 50‑day/200‑day moving average of $147.14/$122.78, a market cap of $31.6B, a P/E of 24.79, and a 52‑week range of $74.67–$158.23.
• The company beat the most recent quarter's estimates with $1.28 EPS and $10.65B revenue (+4.6% YoY), but insiders sold about 58,673 shares last quarter while institutional investors now own roughly 91.77% of the stock.

Dollar General (NYSE:DG - Get Free Report) had its price target lifted by analysts at Wolfe Research from $159.00 to $165.00 in a research note issued to investors on Monday,MarketScreener reports. Wolfe Research's target price would suggest a potential upside of 14.95% from the stock's previous close.

A number of other analysts have also recently issued reports on the company. Evercore dropped their price objective on Dollar General from $145.00 to $144.00 in a report on Tuesday, March 3rd. UBS Group reaffirmed a "buy" rating and set a $168.00 target price on shares of Dollar General in a report on Friday, February 6th. Argus upped their price target on Dollar General from $135.00 to $152.00 and gave the company a "buy" rating in a research report on Thursday, December 18th. Piper Sandler raised their price objective on shares of Dollar General from $129.00 to $132.00 and gave the company a "neutral" rating in a research report on Friday. Finally, BNP Paribas Exane boosted their price objective on shares of Dollar General from $118.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus price target of $146.15.

Dollar General Stock Performance

DG stock traded down $2.77 during midday trading on Monday, reaching $143.54. 303,090 shares of the company's stock traded hands, compared to its average volume of 2,966,789. The company has a 50-day moving average price of $147.14 and a two-hundred day moving average price of $122.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. Dollar General has a 52 week low of $74.67 and a 52 week high of $158.23. The firm has a market capitalization of $31.60 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.41 and a beta of 0.23.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. As a group, equities analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Insider Activity

In related news, CAO Anita C. Elliott sold 2,516 shares of the company's stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the transaction, the chief accounting officer directly owned 29,344 shares in the company, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carman R. Wenkoff sold 19,166 shares of the firm's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the sale, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. This represents a 30.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 58,673 shares of company stock worth $7,713,389. Company insiders own 0.56% of the company's stock.

Hedge Funds Weigh In On Dollar General

Institutional investors have recently made changes to their positions in the stock. Employees Provident Fund Board purchased a new position in Dollar General in the fourth quarter worth $77,783,000. Caitong International Asset Management Co. Ltd raised its position in Dollar General by 4,550.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company's stock valued at $25,000 after purchasing an additional 182 shares in the last quarter. Reflection Asset Management bought a new stake in Dollar General during the fourth quarter worth about $28,000. Sankala Group LLC purchased a new position in shares of Dollar General in the 4th quarter worth about $681,000. Finally, Wick Capital Partners LLC bought a new position in shares of Dollar General during the 4th quarter valued at about $206,000. Institutional investors own 91.77% of the company's stock.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation's prominent low-price retailers focused on convenience and value.

Dollar General's stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

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