Dollar General (NYSE:DG) Price Target Raised to $145.00

Dollar General (NYSE:DG) had its price objective raised by Oppenheimer from $138.00 to $145.00 in a research note released on Friday,MarketScreener reports. They currently have an outperform rating on the stock.

Several other research analysts have also weighed in on DG. Gordon Haskett upgraded shares of Dollar General from an “accumulate” rating to a “buy” rating in a research note on Thursday. Guggenheim set a $140.00 target price on shares of Dollar General in a research note on Friday. Loop Capital dropped their price target on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, November 11th. UBS Group increased their price objective on Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley lifted their price objective on Dollar General from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $125.43.

Dollar General Stock Up 5.9%

Shares of Dollar General stock opened at $132.67 on Friday. Dollar General has a 1 year low of $66.43 and a 1 year high of $135.08. The company has a market cap of $29.20 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.43 and a beta of 0.27. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $103.68 and a 200 day moving average price of $107.52.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.33. The company had revenue of $10.65 billion for 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 business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts expect that Dollar General will post 5.75 EPS for the current fiscal 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 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 yield of 1.8%. Dollar General’s dividend payout ratio is currently 40.76%.

Hedge Funds Weigh In On Dollar General

Several hedge funds have recently bought and sold shares of the business. Cardinal Point Capital Management ULC boosted its stake in shares of Dollar General by 5.0% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock worth $219,000 after acquiring an additional 100 shares in the last quarter. Brooks Moore & Associates Inc. raised its stake in shares of Dollar General by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 7,590 shares of the company’s stock valued at $784,000 after acquiring an additional 100 shares in the last quarter. Meridian Wealth Management LLC raised its stake 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 lifted its holdings in Dollar General by 1.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after purchasing an additional 108 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in 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 purchasing an additional 110 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

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.