Dollar General (NYSE:DG) Given New $214.00 Price Target at Truist Financial

Dollar General (NYSE:DG – Get Rating) had its target price boosted by analysts at Truist Financial from $211.00 to $214.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 2.48% from the company’s current price.

DG has been the topic of several other research reports. Evercore ISI dropped their target price on shares of Dollar General to $265.00 in a research report on Friday, December 2nd. Raymond James reduced their price objective on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating for the company in a research note on Friday, February 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Dollar General from $248.00 to $249.00 in a research note on Friday. StockNews.com initiated coverage on shares of Dollar General in a research report on Thursday. They set a “hold” rating for the company. Finally, Morgan Stanley reduced their price target on shares of Dollar General from $255.00 to $235.00 and set an “overweight” rating for the company in a research report on Friday, February 24th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.50.

Dollar General Price Performance

DG stock opened at $208.83 on Friday. The company has a market capitalization of $46.69 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.34. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.13 and a current ratio of 1.23. Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20. The business has a 50-day simple moving average of $226.41 and a two-hundred day simple moving average of $239.17.

Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.02. The business had revenue of $10.20 billion during the quarter, compared to the consensus estimate of $10.24 billion. Dollar General had a return on equity of 38.43% and a net margin of 6.49%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.57 EPS. Research analysts expect that Dollar General will post 11.24 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In related news, Director Warren F. Bryant sold 1,951 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total value of $475,907.43. Following the completion of the sale, the director now owns 38,269 shares in the company, valued at $9,334,957.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Dollar General

Large investors have recently bought and sold shares of the business. Concord Wealth Partners acquired a new position in shares of Dollar General during the fourth quarter worth $25,000. First Manhattan Co. boosted its holdings in Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. Financial Freedom LLC purchased a new stake in Dollar General in the fourth quarter valued at $26,000. Accurate Wealth Management LLC purchased a new stake in Dollar General in the fourth quarter valued at $27,000. Finally, Capital Directions Investment Advisors LLC purchased a new stake in shares of Dollar General during the 4th quarter worth about $27,000. Institutional investors own 90.73% of the company’s stock.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.