Dollar General (NYSE:DG) Price Target Raised to $129.00

Dollar General (NYSE:DG) had its price objective lifted by Truist Financial from $120.00 to $129.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Truist Financial currently has a hold rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Wells Fargo & Company boosted their target price on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Raymond James Financial restated an “outperform” rating and issued a $135.00 price target on shares of Dollar General in a report on Friday. Evercore ISI lifted their price objective on shares of Dollar General from $100.00 to $105.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 2nd. Finally, Piper Sandler boosted their price objective on shares of Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $125.43.

Dollar General Stock Up 5.9%

Shares of NYSE:DG opened at $132.67 on Friday. Dollar General has a 52-week low of $66.43 and a 52-week high of $135.08. The stock has a market cap of $29.20 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.43 and a beta of 0.27. The business’s 50 day moving average is $103.68 and its 200 day moving average is $107.52. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $0.89 EPS. The business’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. Sell-side analysts predict that Dollar General will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend 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 Trading of Dollar General

Several large investors have recently bought and sold shares of DG. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General during the second quarter worth $25,000. Caldwell Trust Co purchased a new position in Dollar General in the 2nd quarter worth $25,000. Atlantic Union Bankshares Corp purchased a new position in Dollar General in the 2nd quarter worth $26,000. Root Financial Partners LLC acquired a new stake in Dollar General during the 3rd quarter worth about $26,000. Finally, Peoples Financial Services CORP. purchased a new stake in Dollar General during the 3rd quarter valued at about $35,000. 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.