Dollar General (NYSE:DG) Given New $112.00 Price Target at Evercore ISI

Dollar General (NYSE:DG) had its price target cut by Evercore ISI from $114.00 to $112.00 in a research report released on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a report on Saturday, September 27th. Barclays boosted their price objective on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Morgan Stanley increased their price target on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Telsey Advisory Group set a $123.00 price target on Dollar General in a report on Friday, August 29th. Finally, Gordon Haskett lowered their price target on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $115.40.

Dollar General Price Performance

Shares of NYSE DG opened at $96.40 on Tuesday. Dollar General has a twelve month low of $66.43 and a twelve month high of $117.95. The firm has a market cap of $21.22 billion, a P/E ratio of 17.85, a PEG ratio of 2.07 and a beta of 0.30. The company has a 50 day moving average of $107.89 and a 200 day moving average of $103.36. 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 (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same period in the previous year, the business earned $1.70 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders 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 2.4%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio is 43.70%.

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC purchased a new stake in shares of Dollar General in the 1st quarter worth $280,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock worth $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock worth $921,000 after purchasing an additional 5,171 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock worth $288,000 after purchasing an additional 1,081 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Dollar General in the 1st quarter worth $879,000. 91.77% of the stock is currently owned by hedge funds and other 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.