Dollar General (NYSE:DG) Price Target Raised to $135.00

Dollar General (NYSE:DG) had its target price lifted by equities researchers at Morgan Stanley from $125.00 to $135.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 3.06% from the stock’s current price.

Several other analysts have also recently weighed in on DG. The Goldman Sachs Group cut shares of Dollar General from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Barclays raised their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $115.00 to $128.00 and gave the company a “neutral” rating in a research report on Thursday. Piper Sandler reissued a “neutral” rating and issued a $129.00 price target on shares of Dollar General in a research note on Friday. Finally, Wells Fargo & Company lifted their price objective on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $123.59.

Dollar General Trading Up 4.6%

NYSE:DG traded up $5.70 during mid-day trading on Friday, reaching $130.99. 2,525,397 shares of the company’s stock traded hands, compared to its average volume of 3,580,482. The company has a 50 day moving average price of $103.07 and a 200-day moving average price of $107.20. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 2.70 and a beta of 0.27. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. Dollar General has a 12-month low of $66.43 and a 12-month high of $131.34.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company earned $0.89 EPS. The business’s quarterly revenue 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. On average, sell-side analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Institutional Trading of Dollar General

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Dollar General by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock valued at $2,779,754,000 after buying an additional 78,854 shares in the last quarter. State Street Corp increased its holdings in shares of Dollar General by 9.1% during the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after acquiring an additional 913,373 shares in the last quarter. Invesco Ltd. raised its position in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock worth $305,079,000 after purchasing an additional 89,067 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Dollar General by 3.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock worth $290,599,000 after purchasing an additional 96,825 shares during the last quarter. Finally, Baupost Group LLC MA boosted its stake in Dollar General by 26.7% in the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock worth $305,037,000 after purchasing an additional 562,000 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

About Dollar General

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.