Dollar General (NYSE:DG) Price Target Raised to $128.00

Dollar General (NYSE:DG) had its target price upped by JPMorgan Chase & Co. from $115.00 to $128.00 in a report released on Thursday morning,MarketScreener reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

DG has been the subject of a number of other reports. Raymond James Financial reiterated an “outperform” rating and issued a $135.00 target price on shares of Dollar General in a report on Friday. Wolfe Research began coverage on shares of Dollar General in a research report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price for the company. Morgan Stanley raised their target price on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. The Goldman Sachs Group downgraded Dollar General from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 13th. Finally, BMO Capital Markets increased their price objective on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $125.43.

Dollar General Stock Performance

Shares of NYSE:DG opened at $132.67 on Thursday. The firm has a 50 day moving average of $103.68 and a 200 day moving average of $107.47. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $29.20 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 3.14 and a beta of 0.27. Dollar General has a 52 week low of $66.43 and a 52 week high of $135.08.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, sell-side analysts predict that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Institutional Trading of Dollar General

Large investors have recently added to or reduced their stakes in the company. Cardinal Point Capital Management ULC raised its stake in shares of Dollar General by 5.0% in the third quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock worth $219,000 after purchasing an additional 100 shares during the last quarter. Brooks Moore & Associates Inc. increased its holdings in Dollar General by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 7,590 shares of the company’s stock worth $784,000 after buying an additional 100 shares during the period. Meridian Wealth Management LLC increased its holdings in Dollar General by 5.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock worth $202,000 after buying an additional 102 shares during the period. Accurate Wealth Management LLC raised its position in Dollar General by 1.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after buying an additional 108 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.