Wolfe Research Raises Dollar General (NYSE:DG) Price Target to $141.00

Dollar General (NYSE:DG) had its price target raised by Wolfe Research from $139.00 to $141.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Wolfe Research’s price target indicates a potential upside of 12.11% from the stock’s previous close.

A number of other research firms have also recently commented on DG. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a report on Monday, December 1st. Raymond James Financial reiterated an “outperform” rating and set a $135.00 price objective on shares of Dollar General in a research report on Friday, December 5th. BMO Capital Markets boosted their target price on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, December 5th. Wells Fargo & Company upped their target price on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Finally, Citigroup lifted their price target on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus target price of $126.80.

Dollar General Trading Up 0.2%

Shares of DG stock opened at $125.77 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The stock has a fifty day simple moving average of $105.09 and a two-hundred day simple moving average of $107.98. The firm has a market capitalization of $27.68 billion, a PE ratio of 21.72, a PEG ratio of 2.29 and a beta of 0.27. Dollar General has a 52-week low of $66.43 and a 52-week high of $135.08.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to the consensus estimate 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 was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts predict that Dollar General will post 5.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Dollar General

Institutional investors and hedge funds have recently made changes to their positions in the business. Blair William & Co. IL lifted its holdings in shares of Dollar General by 12.7% in the 1st quarter. Blair William & Co. IL now owns 3,727 shares of the company’s stock valued at $328,000 after acquiring an additional 419 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Dollar General during the first quarter valued at approximately $230,000. Citigroup Inc. lifted its stake in shares of Dollar General by 27.5% in the 1st quarter. Citigroup Inc. now owns 241,418 shares of the company’s stock valued at $21,228,000 after purchasing an additional 52,097 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Dollar General in the 1st quarter worth approximately $90,000. Finally, Townsquare Capital LLC boosted its holdings in shares of Dollar General by 47.1% in the 1st quarter. Townsquare Capital LLC now owns 19,147 shares of the company’s stock worth $1,684,000 after purchasing an additional 6,134 shares during the period. 91.77% of the stock is owned by hedge funds and other 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.