Dollar General (NYSE:DG) Stock Price Expected to Rise, Truist Financial Analyst Says

Dollar General (NYSE:DG) had its price objective increased by stock analysts at Truist Financial from $76.00 to $93.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 1.56% from the company’s current price.

A number of other equities analysts have also commented on the company. Morgan Stanley cut their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday. UBS Group reduced their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Bank of America lowered their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and an average price target of $94.75.

Dollar General Stock Performance

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

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.83 earnings per share. Sell-side analysts expect that Dollar General will post 5.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dollar General

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in Dollar General during the 4th quarter valued at about $25,000. IMG Wealth Management Inc. purchased a new position in shares of Dollar General during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General in the 4th quarter worth approximately $33,000. Finally, Ameriflex Group Inc. bought a new position in Dollar General during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.