Dollar General (NYSE:DG) Price Target Raised to $125.00 at Raymond James

Dollar General (NYSE:DG - Get Free Report) had its price objective increased by Raymond James from $100.00 to $125.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Raymond James' price target would suggest a potential upside of 9.81% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the company. KeyCorp restated a "sector weight" rating on shares of Dollar General in a report on Wednesday. Bank of America increased their target price on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday. The Goldman Sachs Group increased their target price on shares of Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Piper Sandler increased their target price on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Finally, Sanford C. Bernstein set a $120.00 target price on shares of Dollar General in a research note on Friday, May 23rd. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $109.04.

Dollar General Trading Up 1.8%

Shares of DG traded up $2.06 during trading hours on Wednesday, hitting $113.83. 4,534,325 shares of the stock were exchanged, compared to its average volume of 4,070,761. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The business has a 50-day moving average of $93.85 and a 200-day moving average of $82.03. The firm 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. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

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

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dollar General

Several institutional investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its position in Dollar General by 5.5% during the first quarter. Inspire Investing LLC now owns 3,615 shares of the company's stock valued at $318,000 after buying an additional 189 shares during the period. Jones Financial Companies Lllp grew its position in Dollar General by 70.7% during the first quarter. Jones Financial Companies Lllp now owns 462,258 shares of the company's stock valued at $39,860,000 after buying an additional 191,521 shares during the period. Birmingham Capital Management Co. Inc. AL grew its position in Dollar General by 40.8% during the first quarter. Birmingham Capital Management Co. Inc. AL now owns 35,731 shares of the company's stock valued at $3,142,000 after buying an additional 10,361 shares during the period. Geneos Wealth Management Inc. grew its position in Dollar General by 78.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,721 shares of the company's stock valued at $151,000 after buying an additional 756 shares during the period. Finally, IFM Investors Pty Ltd boosted its position in Dollar General by 5.3% during the first quarter. IFM Investors Pty Ltd now owns 42,297 shares of the company's stock worth $3,719,000 after purchasing an additional 2,141 shares during the period. Institutional investors own 91.77% of the company's stock.

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.