Evercore ISI Forecasts Strong Price Appreciation for Dollar General (NYSE:DG) Stock

Dollar General (NYSE:DG) had its target price hoisted by equities researchers at Evercore ISI from $140.00 to $143.00 in a report issued on Tuesday,MarketScreener reports. Evercore ISI’s price target indicates a potential downside of 4.78% from the stock’s previous close.

A number of other analysts have also recently issued reports on DG. Barclays raised their price objective on Dollar General from $127.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, January 8th. BMO Capital Markets lifted their price objective on shares of Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, December 5th. UBS Group upped their price objective on shares of Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a report on Friday, December 5th. Argus raised their target price on shares of Dollar General from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Finally, Morgan Stanley upped their price target on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, Dollar General has an average rating of “Hold” and a consensus price target of $141.27.

Dollar General Stock Down 0.1%

DG traded down $0.15 during trading on Tuesday, reaching $150.18. 199,520 shares of the stock were exchanged, compared to its average volume of 3,392,255. 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 stock’s 50 day moving average price is $131.00 and its two-hundred day moving average price is $114.99. Dollar General has a twelve month low of $69.32 and a twelve month high of $154.75. The stock has a market cap of $33.06 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.26.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The company had revenue of $10.65 billion during 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 company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities analysts expect that Dollar General will post 5.75 EPS for the current year.

Insider Transactions at Dollar General

In other news, EVP Tracey N. Herrmann sold 12,583 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the completion of the sale, the executive vice president directly owned 30,948 shares in the company, valued at approximately $3,870,666.36. This represents a 28.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $135.32, for a total value of $1,322,888.32. Following the sale, the executive vice president directly owned 22,295 shares in the company, valued at approximately $3,016,959.40. This trade represents a 30.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 58,673 shares of company stock worth $7,713,389. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

Several large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in Dollar General in the 2nd quarter valued at approximately $101,000. Vanguard Group Inc. grew its stake in shares of Dollar General by 1.5% in the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock worth $3,067,403,000 after purchasing an additional 384,447 shares during the last quarter. Empowered Funds LLC increased its holdings in Dollar General by 483.1% in the second quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock valued at $3,503,000 after purchasing an additional 25,377 shares during the period. Korea Investment CORP lifted its holdings in Dollar General by 1.6% during the 2nd quarter. Korea Investment CORP now owns 155,275 shares of the company’s stock worth $17,760,000 after buying an additional 2,511 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of Dollar General by 228.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 34,647 shares of the company’s stock valued at $3,963,000 after buying an additional 24,094 shares during the last quarter. Institutional investors and hedge funds 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.