Dollar General (NYSE:DG) Given New $93.00 Price Target at Truist Financial

Dollar General (NYSE:DG) had its price target hoisted by Truist Financial from $76.00 to $93.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price points to a potential upside of 1.56% from the company’s previous close.

DG has been the topic of several other reports. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Bank of America reduced their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 14th. UBS Group lowered their price target on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 6th. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $69.00 to $101.00 in a research note on Monday. Sixteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $94.75.

Dollar General Price Performance

Shares of NYSE:DG traded up $0.14 during trading on Tuesday, hitting $91.57. 1,386,552 shares of the company were exchanged, compared to its average volume of 4,136,039. The company has a market capitalization of $20.14 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. Dollar General has a 1-year low of $66.43 and a 1-year high of $156.60. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $78.47 and its 200-day moving average is $78.06.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Institutional Investors Weigh In On Dollar General

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Dollar General during the fourth quarter valued at approximately $57,000. Eagle Rock Investment Company LLC raised its stake in shares of Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after purchasing an additional 4,048 shares during the period. Leibman Financial Services Inc. bought a new stake in shares of Dollar General during the 4th quarter worth $2,018,000. DAVENPORT & Co LLC grew its position in Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after buying an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in Dollar General during the fourth quarter worth about $6,158,000. 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.