Morgan Stanley Increases Dollar General (NYSE:DG) Price Target to $135.00

Dollar General (NYSE:DG) had its target price raised by analysts at Morgan Stanley from $125.00 to $135.00 in a research report issued on Friday, MarketBeat.com reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 1.76% from the stock’s current price.

A number of other equities analysts have also weighed in on DG. Loop Capital reduced their price objective on Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a research note on Tuesday, November 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $135.00 target price on shares of Dollar General in a report on Friday. UBS Group boosted their price target on Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI set a $130.00 price objective on Dollar General in a research report on Friday. Finally, Wolfe Research assumed coverage on shares of Dollar General in a report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $125.43.

Dollar General Stock Performance

DG opened at $132.67 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.63. Dollar General has a 12-month low of $66.43 and a 12-month high of $135.08. The firm has a 50 day moving average of $103.68 and a two-hundred day moving average of $107.47. The firm has a market capitalization of $29.20 billion, a PE ratio of 22.91, a P/E/G ratio of 3.14 and a beta of 0.27.

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

Institutional Investors Weigh In On Dollar General

Several large investors have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dollar General during the second quarter worth approximately $25,000. Caldwell Trust Co acquired a new stake in shares of Dollar General during the second quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar General in the second quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in Dollar General in the third quarter valued at $26,000. Finally, Peoples Financial Services CORP. purchased a new position in shares of Dollar General during the third quarter worth about $35,000. 91.77% of the stock is 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.