JPMorgan Chase & Co. Increases Dollar General (NYSE:DG) Price Target to $161.00

Dollar General (NYSE:DG) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $158.00 to $161.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 11.09% from the company’s current price.

Other analysts also recently issued research reports about the stock. Piper Sandler reissued a “neutral” rating and set a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. The Goldman Sachs Group boosted their target price on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research note on Tuesday, April 2nd. Truist Financial boosted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Finally, Argus boosted their price objective on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $153.08.

Dollar General Price Performance

Shares of DG opened at $144.93 on Monday. Dollar General has a twelve month low of $101.09 and a twelve month high of $222.99. The firm’s fifty day simple moving average is $149.05 and its 200-day simple moving average is $133.71. The firm has a market capitalization of $31.84 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.64 and a beta of 0.42. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the business earned $2.96 EPS. Dollar General’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts forecast that Dollar General will post 7.28 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Dollar General

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Dollar General by 15.5% during the 4th 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 during the last quarter. Capital International Investors boosted its position in Dollar General by 13.9% during the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Dollar General by 162.5% during the 4th 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 during the last quarter. Capital World Investors boosted its position in Dollar General by 1.0% during the 4th 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 during the last quarter. Finally, State Street Corp boosted its position in Dollar General by 11.3% during the 1st 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 during the last quarter. 91.77% of the stock is owned by institutional investors.

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.