The Goldman Sachs Group Increases Dollar General (NYSE:DG) Price Target to $96.00

Dollar General (NYSE:DG) had its price target lifted by investment analysts at The Goldman Sachs Group from $85.00 to $96.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential downside of 2.17% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Morgan Stanley raised their price objective on Dollar General from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday. Melius Research raised Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Melius raised Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, April 8th. Piper Sandler raised their price objective on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Finally, UBS Group reduced their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.48.

Dollar General Stock Up 4.9%

Dollar General stock traded up $4.58 during mid-day trading on Monday, reaching $98.13. The company’s stock had a trading volume of 2,296,793 shares, compared to its average volume of 3,994,305. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. Dollar General has a 12 month low of $66.43 and a 12 month high of $147.79. The business’s 50 day simple moving average is $88.81 and its 200 day simple moving average is $79.95. 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) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share 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 business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the prior year, the business earned $1.83 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Dollar General will post 5.75 earnings per share for the current year.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DG. IMG Wealth Management Inc. bought a new position in Dollar General during the fourth quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in Dollar General in the 4th quarter valued at about $25,000. Ameriflex Group Inc. bought a new stake in Dollar General in the 4th quarter valued at $31,000. Providence First Trust Co acquired a new stake in shares of Dollar General during the fourth quarter worth $33,000. Finally, Bogart Wealth LLC grew its position in shares of Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. 91.77% of the stock is currently owned by 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.