Dollar General (NYSE:DG) Price Target Raised to $135.00

Dollar General (NYSE:DG) had its price target lifted by Morgan Stanley from $125.00 to $135.00 in a research note published on Friday, Marketbeat Ratings reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on DG. Loop Capital dropped their price target on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. Sanford C. Bernstein increased their target price on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. UBS Group lifted their target price on Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim restated a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a report on Friday, November 28th. Finally, Gordon Haskett upgraded shares of Dollar General from an “accumulate” rating to a “buy” rating in a report on Thursday. 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $125.43.

Dollar General Price Performance

DG stock 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 company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.43 and a beta of 0.27. The business has a fifty day moving average of $103.68 and a two-hundred day moving average of $107.52.

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

Dollar General Announces Dividend

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

Institutional Investors Weigh In On Dollar General

Several hedge funds and other institutional investors have recently made changes to their positions in DG. AQR Capital Management LLC boosted its holdings in Dollar General by 416.4% in the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Dollar General by 116.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after purchasing an additional 1,458,093 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Dollar General by 251.6% during the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after buying an additional 1,456,549 shares during the last quarter. Norges Bank acquired a new position in shares of Dollar General in the 2nd quarter valued at $154,371,000. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Dollar General by 15,369.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after buying an additional 1,211,298 shares during the last quarter. Institutional investors and hedge funds 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.