Gordon Haskett Forecasts Strong Price Appreciation for Dollar General (NYSE:DG) Stock

Dollar General (NYSE:DG) had its target price increased by equities researchers at Gordon Haskett from $150.00 to $170.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Gordon Haskett’s price objective indicates a potential upside of 13.20% from the company’s previous close.

A number of other equities analysts also recently commented on the company. BMO Capital Markets upped their target price on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, December 5th. Evercore ISI boosted their price target on shares of Dollar General from $130.00 to $135.00 and gave the company an “in-line” rating in a research report on Tuesday, December 23rd. Citigroup increased their price target on shares of Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $166.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Finally, The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $141.27.

Dollar General Trading Down 0.1%

Dollar General stock traded down $0.15 during trading hours on Tuesday, reaching $150.18. The company had a trading volume of 199,520 shares, compared to its average volume of 3,392,255. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. Dollar General has a 12-month low of $69.32 and a 12-month high of $154.75. The company has a 50-day moving average price of $131.00 and a 200 day moving average price of $114.99. The firm has a market cap of $33.06 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 2.66 and a beta of 0.26.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities analysts forecast that Dollar General will post 5.75 earnings per share for the current year.

Insider Activity at Dollar General

In other news, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the transaction, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Roderick J. West sold 2,282 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the sale, the executive vice president directly owned 36,108 shares of the company’s stock, valued at $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,673 shares of company stock valued at $7,713,389 in the last three months. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Dollar General

A number of institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in Dollar General by 416.4% in the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after purchasing an additional 2,036,573 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Dollar General by 116.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after buying an additional 1,458,093 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Dollar General by 426.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,699,871 shares of the company’s stock valued at $225,692,000 after buying an additional 1,377,226 shares in the last quarter. Norges Bank purchased a new stake in Dollar General in the 2nd quarter valued at about $154,371,000. Finally, Massachusetts Financial Services Co. MA grew its stake in Dollar General by 15,369.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock worth $139,450,000 after acquiring an additional 1,211,298 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Company Profile

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.