Evercore ISI Raises Dollar General (NYSE:DG) Price Target to $162.00

Dollar General (NYSE:DG) had its target price upped by Evercore ISI from $158.00 to $162.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler reaffirmed a neutral rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. StockNews.com raised shares of Dollar General from a sell rating to a hold rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. raised shares of Dollar General from an underweight rating to a neutral rating and increased their price target for the stock from $120.00 to $158.00 in a research report on Tuesday, March 12th. Morgan Stanley increased their price target on shares of Dollar General from $160.00 to $170.00 and gave the stock an overweight rating in a research report on Friday, March 15th. Finally, The Goldman Sachs Group raised their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a buy rating in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $153.04.

Dollar General Trading Up 1.3 %

Shares of Dollar General stock opened at $156.24 on Tuesday. Dollar General has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The firm has a market cap of $34.32 billion, a PE ratio of 20.67, a P/E/G ratio of 2.69 and a beta of 0.41. The business’s fifty day moving average is $143.33 and its two-hundred day moving average is $129.53. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the firm posted $2.96 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts anticipate that Dollar General will post 7.3 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.51%. Dollar General’s payout ratio is presently 31.22%.

Hedge Funds Weigh In On Dollar General

A number of hedge funds and other institutional investors have recently modified their holdings of DG. Vanguard Group Inc. lifted its position in shares of Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares in the last quarter. Capital International Investors lifted its position in shares of Dollar General by 13.9% during the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after acquiring an additional 2,273,119 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Dollar General by 162.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after acquiring an additional 11,257,537 shares in the last quarter. Capital World Investors lifted its position in shares of Dollar General by 1.0% during the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after acquiring an additional 133,591 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Dollar General by 11.3% during the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after acquiring an additional 994,813 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.