Wolfe Research Forecasts Strong Price Appreciation for Dollar General (NYSE:DG) Stock

Dollar General (NYSE:DG) had its target price raised by equities research analysts at Wolfe Research from $139.00 to $141.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Wolfe Research’s price target would suggest a potential upside of 10.36% from the stock’s current price.

A number of other analysts have also recently commented on DG. Telsey Advisory Group reiterated a “market perform” rating and set a $130.00 price objective (up previously from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. Guggenheim lifted their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group boosted their price objective on shares of Dollar General from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial raised their target price on shares of Dollar General from $120.00 to $129.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Gordon Haskett raised shares of Dollar General from an “accumulate” rating to a “buy” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $126.80.

Dollar General Price Performance

Shares of Dollar General stock traded up $3.50 during trading on Tuesday, hitting $127.77. 526,752 shares of the company were exchanged, compared to its average volume of 3,626,924. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $135.08. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average price of $104.11 and a 200 day moving average price of $107.69. The stock has a market capitalization of $28.12 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.43 and a beta of 0.27.

Dollar General (NYSE:DG) last released its quarterly 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. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the business posted $0.89 earnings per share. Dollar General’s 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, equities analysts expect that Dollar General will post 5.75 earnings per share for the current fiscal year.

Institutional Trading of Dollar General

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Dollar General by 0.3% in the 3rd 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 during the period. State Street Corp grew its position in 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 during the period. Invesco Ltd. increased its stake in Dollar General by 2.6% during the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock worth $305,079,000 after acquiring an additional 89,067 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings 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 period. Finally, Baupost Group LLC MA raised its holdings in shares of 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 during the period. 91.77% of the stock is owned by hedge funds and other 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.