Wolfe Research Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target raised by Wolfe Research from $139.00 to $141.00 in a research report released on Tuesday,MarketScreener reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday. Sanford C. Bernstein upped their target price on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Daiwa Capital Markets increased their target price on Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a report on Monday. Loop Capital dropped their price target on Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. Finally, UBS Group upped their price objective on Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $126.80.

Dollar General Stock Performance

Shares of DG stock opened at $125.58 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $104.56 and a 200-day simple moving average of $107.86. The company has a market cap of $27.64 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.27. Dollar General has a 12-month low of $66.43 and a 12-month high of $135.08.

Dollar General (NYSE:DG) last posted its quarterly earnings results 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 business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the company posted $0.89 EPS. 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. On average, equities analysts forecast that Dollar General will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Institutional Trading of Dollar General

Large investors have recently added to or reduced their stakes in the stock. Severin Investments LLC acquired a new position in shares of Dollar General during the third quarter worth about $497,000. Allworth Financial LP grew its stake in shares of Dollar General by 52.9% in the third quarter. Allworth Financial LP now owns 2,964 shares of the company’s stock valued at $306,000 after buying an additional 1,025 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Dollar General by 8.0% during the 3rd quarter. IFP Advisors Inc now owns 4,804 shares of the company’s stock valued at $497,000 after buying an additional 357 shares during the period. Swiss Life Asset Management Ltd lifted its position in Dollar General by 159.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 103,707 shares of the company’s stock worth $10,718,000 after acquiring an additional 63,676 shares in the last quarter. Finally, Groupama Asset Managment purchased a new position in Dollar General in the 3rd quarter worth approximately $392,000. 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.