Truist Financial Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its target price lifted by equities researchers at Truist Financial from $120.00 to $129.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 0.78% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Morgan Stanley raised their target price on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Wolfe Research started coverage on Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 price objective for the company. UBS Group reiterated a “buy” rating on shares of Dollar General in a report on Friday. BMO Capital Markets raised their price target on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $122.00.

Dollar General Stock Up 2.2%

Shares of NYSE DG opened at $128.01 on Friday. The company has a 50 day simple moving average of $103.07 and a 200 day simple moving average of $107.20. 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 1 year low of $66.43 and a 1 year high of $127.23. The firm has a market cap of $28.18 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.70 and a beta of 0.27.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts forecast that Dollar General will post 5.75 EPS for the current year.

Institutional Trading of Dollar General

A number of hedge funds and other institutional investors have recently bought and sold shares of DG. Cardinal Point Capital Management ULC lifted its stake in shares of Dollar General by 5.0% in the third quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock valued at $219,000 after buying an additional 100 shares in the last quarter. Brooks Moore & Associates Inc. lifted its position in Dollar General by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 7,590 shares of the company’s stock valued at $784,000 after acquiring an additional 100 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in Dollar General by 5.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock valued at $202,000 after purchasing an additional 102 shares during the last quarter. Accurate Wealth Management LLC increased its holdings in Dollar General by 1.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after purchasing an additional 108 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Dollar General by 5.8% in the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

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.