Dollar General’s (DG) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Dollar General (NYSE:DG) in a research report report published on Thursday morning, MarketBeat reports. The brokerage currently has a $130.00 target price on the stock, up from their previous target price of $123.00.

Several other equities analysts have also recently weighed in on DG. Sanford C. Bernstein lifted their price objective on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Piper Sandler raised their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Evercore ISI lifted their price target on shares of Dollar General from $100.00 to $105.00 and gave the company an “in-line” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group downgraded shares of Dollar General from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Finally, Gordon Haskett dropped their price objective on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $125.43.

Dollar General Trading Up 5.9%

Shares of NYSE DG opened at $132.67 on Thursday. Dollar General has a twelve month low of $66.43 and a twelve month high of $135.08. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 3.14 and a beta of 0.27. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average is $103.68 and its 200-day moving average is $107.47.

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

Dollar General Dividend Announcement

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

Institutional Inflows and Outflows

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