Dollar General (NYSE:DG) Price Target Raised to $110.00 at Loop Capital

Dollar General (NYSE:DG - Free Report) had its target price hoisted by Loop Capital from $80.00 to $110.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities analysts have also issued reports about the company. UBS Group upped their target price on Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley increased their price target on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" 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. Wells Fargo & Company raised their target price on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a research report on Wednesday. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Dollar General currently has a consensus rating of "Moderate Buy" and an average target price of $109.04.

Dollar General Trading Up 1.8%

Shares of Dollar General stock traded up $2.06 on Wednesday, reaching $113.83. 4,534,325 shares of the company's stock were exchanged, compared to its average volume of 4,070,761. The company has a market capitalization of $25.04 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. Dollar General has a 52 week low of $66.43 and a 52 week high of $135.46. The firm's 50-day moving average is $93.85 and its two-hundred day moving average is $82.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the prior year, the business earned $1.65 EPS. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.07%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Insider Activity

In related 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 transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company's stock.

Hedge Funds Weigh In On Dollar General

A number of large investors have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in Dollar General in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new position in Dollar General in the 4th quarter worth approximately $25,000. Providence First Trust Co purchased a new position in Dollar General in the 4th quarter worth approximately $33,000. Ameriflex Group Inc. purchased a new position in Dollar General in the 4th quarter worth approximately $31,000. Finally, Bogart Wealth LLC increased its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the period. 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.