Dollar General (NYSE:DG) Price Target Raised to $105.00

Dollar General (NYSE:DG) had its target price hoisted by Evercore ISI from $100.00 to $105.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has an in-line rating on the stock.

A number of other research analysts have also recently issued reports on DG. Wells Fargo & Company lifted their price target on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Raymond James Financial lifted their target price on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their price target on Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Monday, November 24th. Finally, Sanford C. Bernstein boosted their target price on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. One research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.82.

Dollar General Trading Up 13.7%

NYSE DG opened at $124.95 on Tuesday. The firm has a market capitalization of $27.50 billion, a PE ratio of 23.14, a P/E/G ratio of 2.70 and a beta of 0.27. The stock’s 50 day moving average is $103.07 and its 200 day moving average is $107.20. Dollar General has a twelve month low of $66.43 and a twelve month high of $125.44. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 return on equity of 17.97% and a net margin of 2.86%.The business had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts forecast that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, January 6th. Dollar General’s payout ratio is 43.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DG. Caldwell Trust Co purchased a new stake in shares of Dollar General in the 2nd quarter worth $25,000. Elevation Point Wealth Partners LLC bought a new stake in Dollar General during the second quarter valued at about $25,000. Atlantic Union Bankshares Corp purchased a new stake in Dollar General in the second quarter worth about $26,000. Root Financial Partners LLC bought a new position in shares of Dollar General in the third quarter worth about $26,000. Finally, Peoples Financial Services CORP. bought a new position in shares of Dollar General in the third quarter worth about $35,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.