Dollar General (NYSE:DG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Dollar General (NYSE:DG) had its target price raised by research analysts at JPMorgan Chase & Co. from $115.00 to $128.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 0.19% from the stock’s current price.

A number of other brokerages have also issued reports on DG. Loop Capital dropped their target price on Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. Telsey Advisory Group reiterated a “market perform” rating and issued a $130.00 price objective (up from $123.00) on shares of Dollar General in a report on Thursday. Wolfe Research started coverage on shares of Dollar General in a research report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective on the stock. Sanford C. Bernstein raised their target price on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group lowered shares of Dollar General from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 13th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus target price of $122.00.

Dollar General Stock Performance

Shares of Dollar General stock opened at $128.24 on Thursday. Dollar General has a 12 month low of $66.43 and a 12 month high of $127.23. The stock’s fifty day simple moving average is $103.07 and its 200 day simple moving average is $107.20. The company has a market capitalization of $28.23 billion, a PE ratio of 23.70, a PEG ratio of 2.70 and a beta of 0.27. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The company’s revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts predict that Dollar General will post 5.75 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Caldwell Trust Co acquired a new stake in shares of Dollar General during the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new position in Dollar General in the second quarter valued at about $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the second quarter worth about $26,000. Root Financial Partners LLC acquired a new position in shares of Dollar General in the third quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. acquired a new position in shares of Dollar General in the third quarter valued at approximately $35,000. 91.77% of the stock is owned by institutional investors and hedge funds.

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.