Dollar General's (DG) Market Perform Rating Reiterated at Telsey Advisory Group

Key Points

• Telsey Advisory Group reaffirmed a Market Perform rating with a $130 price target, implying roughly a 10.8% downside from the current share price.
• Other brokers have been raising targets (e.g., Sanford Bernstein, Wolfe, Barclays), but the analyst consensus is split — 14 Buy, 15 Hold, 1 Sell — resulting in an average Hold rating and a $146.15 average price target.
• Dollar General recently beat quarterly estimates with $1.28 EPS (vs. $0.95) and $10.65B revenue; shares traded near $145.73, with a market cap of about $32.1B and a P/E of 25.15.

Dollar General (NYSE:DG - Get Free Report)'s stock had its "market perform" rating reaffirmed by research analysts at Telsey Advisory Group in a report released on Monday,Benzinga reports. They presently have a $130.00 target price on the stock. Telsey Advisory Group's price target would suggest a potential downside of 10.79% from the company's current price.

Several other brokerages also recently weighed in on DG. Sanford C. Bernstein raised their target price on shares of Dollar General from $141.00 to $150.00 and gave the company an "outperform" rating in a research note on Monday, January 5th. Wolfe Research upped their price target on Dollar General from $159.00 to $165.00 in a research report on Monday. Barclays raised their price objective on Dollar General from $127.00 to $151.00 and gave the stock an "overweight" rating in a research report on Thursday, January 8th. Piper Sandler boosted their target price on Dollar General from $129.00 to $132.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Wells Fargo & Company upped their target price on Dollar General from $115.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, December 19th. 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $146.15.

Dollar General Price Performance

Shares of NYSE DG traded down $0.58 during mid-day trading on Monday, hitting $145.73. 1,919,458 shares of the company's stock traded hands, compared to its average volume of 3,004,739. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. Dollar General has a 1 year low of $74.67 and a 1 year high of $158.23. The company's 50-day moving average is $147.14 and its two-hundred day moving average is $122.78. The company has a market capitalization of $32.08 billion, a P/E ratio of 25.15, a PEG ratio of 2.41 and a beta of 0.23.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Activity at Dollar General

In other Dollar General news, CAO Anita C. Elliott sold 2,516 shares of the company's stock in a transaction 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 sale, the chief accounting officer directly owned 29,344 shares of the company's stock, 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 can be accessed through this link. Also, EVP Rhonda Taylor sold 7,500 shares of the business's stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president directly owned 73,492 shares of the company's stock, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,673 shares of company stock valued at $7,713,389 over the last ninety days. Corporate insiders own 0.56% of the company's stock.

Hedge Funds Weigh In On Dollar General

Several institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its position in shares of Dollar General by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 808 shares of the company's stock valued at $107,000 after buying an additional 69 shares in the last quarter. BOKF NA raised its position in Dollar General by 15.2% during the fourth quarter. BOKF NA now owns 554 shares of the company's stock worth $74,000 after acquiring an additional 73 shares during the period. Strata Wealth Advisors LLC grew its position in shares of Dollar General by 3.3% in the fourth quarter. Strata Wealth Advisors LLC now owns 2,367 shares of the company's stock valued at $314,000 after purchasing an additional 75 shares during the period. Optimize Financial Inc increased its stake in shares of Dollar General by 1.4% during the fourth quarter. Optimize Financial Inc now owns 5,550 shares of the company's stock worth $737,000 after purchasing an additional 76 shares in the last quarter. Finally, Tevis Investment Management increased its stake in shares of Dollar General by 0.5% during the third quarter. Tevis Investment Management now owns 16,655 shares of the company's stock worth $1,721,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other 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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