Dollar General (NYSE:DG) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research initiated coverage on shares of Dollar General (NYSE:DG) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm issued an outperform rating and a $139.00 price target on the stock.

DG has been the subject of a number of other reports. Morgan Stanley lifted their target price on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Sanford C. Bernstein lifted their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Barclays lifted their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Truist Financial lifted their price objective on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Finally, Evercore ISI lifted their price objective on shares of Dollar General from $118.00 to $120.00 and gave the company an “in-line” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $114.52.

Dollar General Stock Up 0.7%

DG stock opened at $106.88 on Thursday. The firm has a 50 day moving average of $110.06 and a 200 day moving average of $101.20. The stock has a market capitalization of $23.53 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Dollar General has a 52 week low of $66.43 and a 52 week high of $117.95.

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

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General’s payout ratio is currently 43.70%.

Hedge Funds Weigh In On Dollar General

Large investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new stake in Dollar General in the 2nd quarter worth $26,000. Ameriflex Group Inc. purchased a new stake in Dollar General in the 4th quarter worth $31,000. Hantz Financial Services Inc. increased its holdings in Dollar General by 46.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares in the last quarter. Finally, MTM Investment Management LLC purchased a new stake in Dollar General in the 2nd quarter worth $51,000. 91.77% of the stock is currently 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.