Telsey Advisory Group Reaffirms “Market Perform” Rating for Dollar General (NYSE:DG)

Dollar General (NYSE:DG)‘s stock had its “market perform” rating reiterated by stock analysts at Telsey Advisory Group in a report released on Thursday, Marketbeat.com reports. They currently have a $130.00 target price on the stock, up from their prior target price of $123.00. Telsey Advisory Group’s target price would suggest a potential upside of 4.04% from the stock’s current price.

A number of other research analysts have also recently issued reports on DG. 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. JPMorgan Chase & Co. lifted their price target on Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Gordon Haskett dropped their price objective on Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Monday. Finally, Piper Sandler boosted their target price on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $120.68.

Dollar General Stock Up 13.7%

Shares of NYSE DG opened at $124.95 on Thursday. The stock has a market capitalization of $27.50 billion, a P/E ratio of 23.14, a PEG ratio of 2.70 and a beta of 0.27. The stock’s fifty day moving average is $103.07 and its 200 day moving average is $107.20. Dollar General has a 52 week low of $66.43 and a 52 week high of $125.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Sell-side analysts forecast that Dollar General will post 5.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dollar General

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Dollar General by 0.3% during the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after acquiring an additional 78,854 shares during the last quarter. State Street Corp boosted its holdings in Dollar General by 9.1% in the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after acquiring an additional 913,373 shares during the last quarter. Invesco Ltd. increased its position in Dollar General by 2.6% during the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after purchasing an additional 89,067 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Dollar General by 3.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after purchasing an additional 96,825 shares during the period. Finally, Baupost Group LLC MA raised its holdings in Dollar General by 26.7% during the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock worth $305,037,000 after purchasing an additional 562,000 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

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.