Gordon Haskett Boosts Dollar General (NYSE:DG) Price Target to $150.00

Dollar General (NYSE:DG) had its price target lifted by research analysts at Gordon Haskett from $140.00 to $150.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Gordon Haskett’s price objective would indicate a potential upside of 9.62% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Wolfe Research boosted their target price on shares of Dollar General from $139.00 to $141.00 and gave the company an “outperform” rating in a research note on Tuesday, December 9th. UBS Group upped their price target on Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Citigroup raised their price objective on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Sanford C. Bernstein lifted their target price on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $130.52.

Dollar General Price Performance

DG stock opened at $136.84 on Tuesday. Dollar General has a one year low of $66.43 and a one year high of $137.60. The firm has a 50-day moving average of $108.59 and a two-hundred day moving average of $109.21. The firm has a market capitalization of $30.12 billion, a PE ratio of 23.63, a P/E/G ratio of 2.44 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.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping 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 net margin of 3.03% and a return on equity of 18.59%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the transaction, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. This represents a 5.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the sale, the chief accounting officer owned 29,344 shares of the company’s stock, valued at $3,888,666.88. This represents a 7.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 48,897 shares of company stock valued at $6,390,501 in the last three months. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

Several large investors have recently added to or reduced their stakes in DG. Caldwell Trust Co acquired a new position in shares of Dollar General in the 2nd quarter worth approximately $25,000. Elevation Point Wealth Partners LLC bought a new position in Dollar General in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new position in Dollar General in the second quarter worth $26,000. Root Financial Partners LLC bought a new stake in shares of Dollar General during the third quarter worth $26,000. Finally, Peoples Financial Services CORP. acquired a new stake in shares of Dollar General in the third quarter valued at $35,000. 91.77% of the stock is 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.