Dollar General (NYSE:DG) Price Target Raised to $135.00 at Evercore ISI

Dollar General (NYSE:DG) had its target price upped by equities researchers at Evercore ISI from $130.00 to $135.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price target suggests a potential downside of 1.76% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Sanford C. Bernstein boosted their price objective on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Barclays lifted their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Piper Sandler increased their price target on shares of Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $130.00 price objective (up previously from $123.00) on shares of Dollar General in a research report on Thursday, December 4th. Finally, Oppenheimer boosted their target price on shares of Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.92.

Dollar General Stock Up 0.1%

DG opened at $137.42 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The company’s 50-day moving average is $110.82 and its 200 day moving average is $109.81. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $138.46. The firm has a market capitalization of $30.25 billion, a P/E ratio of 23.73, a PEG ratio of 2.50 and a beta of 0.27.

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

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the sale, the executive vice president owned 43,179 shares of the company’s stock, valued at $5,700,059.79. The trade was a 30.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the sale, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,673 shares of company stock worth $7,713,389 in the last three months. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Brooks Moore & Associates Inc. lifted its stake in shares of 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 during the last quarter. Cardinal Point Capital Management ULC increased its stake in Dollar General by 5.0% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock worth $219,000 after purchasing an additional 100 shares during the period. Meridian Wealth Management LLC lifted its position in Dollar General by 5.5% in the third 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 lifted its position in Dollar General by 1.2% in the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after purchasing an additional 108 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors 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.