Dollar General (NYSE:DG) Receives Market Perform Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group has reiterated Dollar General's (NYSE: DG) "market perform" rating, setting a price target of $120.00, which indicates a potential upside of 4.48% from the stock's previous close.
• Several analysts have recently raised their price objectives for Dollar General, with estimates ranging from $115.00 to $120.00, while the consensus target price stands at $108.80.
• Dollar General's stock reported a quarterly earnings per share of $1.78, exceeding estimates by $0.32, alongside a revenue increase of 5.3% year-over-year.

Telsey Advisory Group reissued their market perform rating on shares of Dollar General (NYSE:DG - Free Report) in a research report released on Thursday morning,Benzinga reports. The firm currently has a $120.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. Raymond James Financial lifted their price target on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Bank of America boosted their target price on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Citigroup lifted their price target on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their price objective on Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $108.80.

Dollar General Trading Down 0.1%

Shares of DG traded down $0.08 on Thursday, hitting $112.41. 2,428,501 shares of the stock traded hands, compared to its average volume of 2,762,915. Dollar General has a 1 year low of $66.43 and a 1 year high of $125.42. The stock's 50 day moving average is $112.18 and its two-hundred day moving average is $96.96. The firm has a market capitalization of $24.74 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.75 and a beta of 0.31. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%.The business's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 earnings per share. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. As a group, sell-side analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Insider Buying and Selling

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Institutional Trading of Dollar General

Several large investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company's stock worth $229,000 after purchasing an additional 110 shares during the last quarter. Stablepoint Partners LLC grew its position in shares of Dollar General by 0.6% during the second quarter. Stablepoint Partners LLC now owns 17,474 shares of the company's stock worth $1,999,000 after buying an additional 110 shares in the last quarter. Tectonic Advisors LLC increased its stake in shares of Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company's stock worth $691,000 after buying an additional 113 shares during the last quarter. Ancora Advisors LLC raised its holdings in 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 acquiring an additional 122 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company's stock valued at $56,000 after acquiring an additional 128 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.