Daiwa Capital Markets Forecasts Strong Price Appreciation for Dollar General (NYSE:DG) Stock

Dollar General (NYSE:DG) had its price target lifted by equities researchers at Daiwa Capital Markets from $113.00 to $130.00 in a report released on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. Daiwa Capital Markets’ price objective suggests a potential upside of 3.52% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. Sanford C. Bernstein boosted their price objective on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays lifted their price target on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Guggenheim increased their price objective on shares of Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group raised their price objective on shares of Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Telsey Advisory Group restated a “market perform” rating and set a $130.00 target price (up previously from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $126.80.

Dollar General Trading Up 1.1%

Shares of DG stock opened at $125.58 on Monday. The company has a market cap of $27.64 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.27. Dollar General has a 1 year low of $66.43 and a 1 year high of $135.08. The stock’s 50 day simple moving average is $104.56 and its two-hundred day simple moving average is $107.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

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. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The company’s revenue for the quarter 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. Research analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL boosted its stake in shares of Dollar General by 12.7% during the first quarter. Blair William & Co. IL now owns 3,727 shares of the company’s stock valued at $328,000 after purchasing an additional 419 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Dollar General during the first quarter worth $230,000. Charles Schwab Investment Management Inc. boosted its position in Dollar General by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,707,891 shares of the company’s stock valued at $150,175,000 after acquiring an additional 115,142 shares in the last quarter. Deutsche Bank AG boosted its position in Dollar General by 0.3% during the 1st quarter. Deutsche Bank AG now owns 1,041,503 shares of the company’s stock valued at $91,579,000 after acquiring an additional 3,126 shares in the last quarter. Finally, Citigroup Inc. boosted its position in Dollar General by 27.5% during the 1st quarter. Citigroup Inc. now owns 241,418 shares of the company’s stock valued at $21,228,000 after acquiring an additional 52,097 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

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.