Dollar General (NYSE:DG) Stock Price Up 5.1%

Dollar General Co. (NYSE:DG - Get Free Report)'s share price rose 5.1% during trading on Tuesday . The stock traded as high as $147.79 and last traded at $144.88. Approximately 939,464 shares traded hands during trading, a decline of 59% from the average daily volume of 2,270,804 shares. The stock had previously closed at $137.83.

Analyst Ratings Changes

DG has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on Dollar General from $158.00 to $161.00 and gave the company a "neutral" rating in a report on Monday, April 15th. Argus increased their target price on Dollar General from $160.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, March 28th. StockNews.com upgraded Dollar General from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Wells Fargo & Company increased their target price on Dollar General from $125.00 to $155.00 and gave the company an "equal weight" rating in a report on Friday, March 15th. Finally, Truist Financial increased their price objective on Dollar General from $125.00 to $140.00 and gave the stock a "hold" rating in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $153.08.

Dollar General Stock Up 3.5 %

The company has a market capitalization of $31.32 billion, a PE ratio of 19.15, a P/E/G ratio of 2.54 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The company has a 50-day moving average of $147.78 and a two-hundred day moving average of $138.55.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the business earned $2.96 earnings per share. The business's revenue was down 3.4% on a year-over-year basis. Sell-side analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.65%. Dollar General's dividend payout ratio (DPR) is 31.22%.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company's stock, valued at $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company's stock, valued at $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the business's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DG. Teacher Retirement System of Texas boosted its holdings in shares of Dollar General by 2.6% in the third quarter. Teacher Retirement System of Texas now owns 16,994 shares of the company's stock valued at $1,798,000 after purchasing an additional 427 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Dollar General by 6.9% during the third quarter. Daiwa Securities Group Inc. now owns 20,090 shares of the company's stock worth $2,125,000 after purchasing an additional 1,292 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Dollar General by 42.7% during the third quarter. Venturi Wealth Management LLC now owns 341 shares of the company's stock worth $36,000 after purchasing an additional 102 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Dollar General by 12.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,200 shares of the company's stock valued at $762,000 after acquiring an additional 773 shares during the period. Finally, Compass Ion Advisors LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at $328,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

About Dollar General

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.