Truist Financial Has Lowered Expectations for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target dropped by investment analysts at Truist Financial from $139.00 to $109.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 3.43% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Guggenheim lowered their target price on shares of Dollar General from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Rothschild & Co Redburn reduced their price target on shares of Dollar General from $111.00 to $90.00 and set a “sell” rating on the stock in a research report on Monday, May 18th. Sanford C. Bernstein decreased their price objective on shares of Dollar General from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. Wolfe Research reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Finally, Loop Capital cut their target price on shares of Dollar General from $145.00 to $110.00 and set a “hold” rating for the company in a research note on Friday, May 22nd. Twelve investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $139.96.

Dollar General Price Performance

Shares of DG traded up $1.78 during mid-day trading on Wednesday, reaching $105.39. The company had a trading volume of 817,992 shares, compared to its average volume of 3,251,986. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.13 and a quick ratio of 0.22. The company has a market capitalization of $23.21 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.71 and a beta of 0.28. Dollar General has a twelve month low of $95.11 and a twelve month high of $158.23. The company’s 50-day moving average is $116.83 and its 200-day moving average is $128.47.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.36. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The firm had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $10.78 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. On average, equities analysts anticipate that Dollar General will post 7.27 EPS for the current year.

Hedge Funds Weigh In On Dollar General

A number of institutional investors have recently modified their holdings of DG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dollar General by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after purchasing an additional 1,185 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Dollar General by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after buying an additional 1,148 shares in the last quarter. Woodline Partners LP boosted its position in Dollar General by 40.7% in the 1st quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock valued at $1,634,000 after buying an additional 5,373 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Dollar General in the 2nd quarter valued at $211,000. Finally, Jump Financial LLC acquired a new stake in shares of Dollar General in the 2nd quarter valued at $209,000. 91.77% of the stock is owned by institutional investors.

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.