Dollar General (NYSE:DG) Price Target Raised to $135.00 at Bank of America

Dollar General (NYSE:DG) had its price objective hoisted by equities researchers at Bank of America from $115.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 19.82% from the stock’s current price.

DG has been the subject of a number of other research reports. Truist Financial lifted their target price on shares of Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research report on Tuesday, April 8th. Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. 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 report on Monday, April 7th. Morgan Stanley boosted their price objective on shares of Dollar General from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Finally, Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a research report on Friday, May 23rd. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.42.

Dollar General Price Performance

Shares of DG opened at $112.67 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General has a twelve month low of $66.43 and a twelve month high of $141.24. The company has a market capitalization of $24.78 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. The firm has a 50 day moving average of $93.33 and a 200 day moving average of $81.82.

Dollar General (NYSE:DG) last posted its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company’s 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 transaction, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Hedge funds have recently modified their holdings of the business. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the fourth quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the fourth quarter valued at $31,000. Providence First Trust Co purchased a new position in Dollar General during the fourth quarter valued at $33,000. Finally, Bogart Wealth LLC lifted its holdings in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. 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.