Dollar General (NYSE:DG) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of Dollar General (NYSE:DG) from an accumulate rating to a buy rating in a research report released on Thursday, Marketbeat Ratings reports.

Several other research analysts have also issued reports on DG. Barclays raised their target price on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Sanford C. Bernstein lifted their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target on the stock. Wells Fargo & Company raised their price target on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, Piper Sandler lifted their price objective on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $125.43.

Dollar General Stock Up 5.9%

Shares of DG opened at $132.67 on Thursday. The business’s fifty day moving average price is $103.68 and its two-hundred day moving average price is $107.47. The firm has a market capitalization of $29.20 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 3.14 and a beta of 0.27. Dollar General has a 52 week low of $66.43 and a 52 week high of $135.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.27 and a current ratio of 1.17.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Institutional Investors Weigh In On Dollar General

A number of hedge funds have recently modified their holdings of the business. Cardinal Point Capital Management ULC grew its position in shares of Dollar General by 5.0% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock valued at $219,000 after purchasing an additional 100 shares during the period. Brooks Moore & Associates Inc. lifted its stake in Dollar General by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 7,590 shares of the company’s stock valued at $784,000 after buying an additional 100 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Dollar General by 5.5% in the third quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock valued at $202,000 after buying an additional 102 shares in the last quarter. Accurate Wealth Management LLC boosted its holdings in shares of Dollar General by 1.2% in the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after buying an additional 108 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds 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.