Brokerages Set Dollar General Corporation (NYSE:DG) Target Price at $112.92

Dollar General Corporation (NYSE:DG) has been assigned a consensus rating of “Hold” from the twenty-six research firms that are currently covering the company, MarketBeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $112.9167.

A number of equities analysts have commented on the company. Citigroup boosted their price objective on Dollar General from $101.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. Wells Fargo & Company upped their price target on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. Barclays raised their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. UBS Group boosted their target price on shares of Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Gordon Haskett raised shares of Dollar General from a “reduce” rating to an “accumulate” rating in a research note on Tuesday, June 3rd.

Dollar General Price Performance

Shares of Dollar General stock opened at $106.46 on Monday. The stock has a market capitalization of $23.43 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 2.20 and a beta of 0.29. The firm’s 50-day moving average price is $111.07 and its two-hundred day moving average price is $99.97. 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 has a 1-year low of $66.43 and a 1-year high of $117.95.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities analysts predict that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dollar General

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sowell Financial Services LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $280,000. Robeco Institutional Asset Management B.V. increased its holdings in Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock valued at $2,424,000 after purchasing an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock valued at $921,000 after buying an additional 5,171 shares during the period. Ameriprise Financial Inc. lifted its stake in Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock valued at $8,137,000 after buying an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Dollar General by 48.9% during the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock worth $288,000 after buying an additional 1,081 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Company Profile

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.