Dollar General (NYSE:DG) Stock Price Expected to Rise, Evercore ISI Analyst Says

Dollar General (NYSE:DG) had its price target boosted by equities researchers at Evercore ISI from $130.00 to $135.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective would indicate a potential downside of 0.18% from the company’s current price.

DG has been the topic of several other reports. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. JPMorgan Chase & Co. raised Dollar General from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $128.00 to $166.00 in a report on Monday, December 15th. Wall Street Zen upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Truist Financial upped their price target on Dollar General from $120.00 to $129.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Finally, Guggenheim raised their price objective on Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, Dollar General currently has an average rating of “Moderate Buy” and a consensus price target of $132.62.

Dollar General Stock Up 0.7%

DG stock opened at $135.25 on Tuesday. The company has a market cap of $29.77 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 2.44 and a beta of 0.27. 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 business’s 50-day moving average is $112.01 and its two-hundred day moving average is $110.13. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $138.46.

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

Insiders Place Their Bets

In related news, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president owned 43,179 shares in the company, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 over the last ninety days. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Dollar General by 0.3% in the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after buying an additional 78,854 shares in the last quarter. State Street Corp raised its holdings in shares of Dollar General by 9.1% during the 3rd quarter. State Street Corp now owns 10,963,378 shares of the company’s stock worth $1,133,065,000 after acquiring an additional 913,373 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Dollar General by 3.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after acquiring an additional 96,825 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Dollar General by 7.4% in the third quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock valued at $281,657,000 after purchasing an additional 188,949 shares in the last quarter. Finally, Baupost Group LLC MA grew its holdings in shares of Dollar General by 26.7% in the second quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after purchasing an additional 562,000 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.