Dollar General (NYSE:DG) Given a $119.00 Price Target at Truist Financial

Key Points

• Truist Financial has raised its price target for Dollar General (NYSE:DG) from $112.00 to $119.00, indicating a potential upside of 5.60% from its previous close.
• The stock currently holds an average rating of "Hold" among analysts, with a mixed consensus including 10 buy ratings and 16 hold ratings.
• Dollar General reported quarterly earnings of $1.78 EPS, exceeding estimates and showing a year-over-year revenue increase of 5.3% to $10.44 billion.

Dollar General (NYSE:DG - Get Free Report) received a $119.00 target price from stock analysts at Truist Financial in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price target indicates a potential upside of 4.37% from the stock's previous close.

DG has been the topic of several other research reports. Raymond James Financial boosted their price objective on Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Bank of America boosted their price objective on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Guggenheim boosted their price objective on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Barclays raised their target price on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley upped 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, June 4th. Sixteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $108.80.

Dollar General Price Performance

NYSE:DG traded down $1.18 during trading hours on Wednesday, hitting $114.01. The company's stock had a trading volume of 1,450,565 shares, compared to its average volume of 3,780,518. The stock has a fifty day simple moving average of $112.00 and a 200-day simple moving average of $94.67. Dollar General has a twelve month low of $66.43 and a twelve month high of $126.98. The company has a market capitalization of $25.09 billion, a P/E ratio of 21.78, a PEG ratio of 2.80 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same period last year, the firm posted $1.65 earnings per share. The business's revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts anticipate that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dollar General

A number of institutional investors have recently modified their holdings of DG. Elevation Point Wealth Partners LLC purchased a new stake in Dollar General in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in Dollar General in the second quarter valued at $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General during the fourth quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth about $31,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company's stock worth $50,000 after buying an additional 140 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.