Evercore ISI Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DGFree Report) had its target price increased by Evercore ISI from $143.00 to $145.00 in a report released on Tuesday morning, Marketbeat Ratings reports. Evercore ISI currently has an in-line rating on the stock.

A number of other equities analysts have also weighed in on the company. Truist Financial set a $144.00 price objective on Dollar General in a research note on Friday, January 16th. Guggenheim lifted their price target on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Argus boosted their price target on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Wells Fargo & Company raised their price objective on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Finally, Gordon Haskett lifted their target price on shares of Dollar General from $150.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $141.35.

Read Our Latest Report on DG

Dollar General Price Performance

Shares of NYSE:DG opened at $148.06 on Tuesday. Dollar General has a twelve month low of $70.01 and a twelve month high of $154.75. The company’s 50 day moving average is $136.15 and its 200 day moving average is $116.38. 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 company has a market cap of $32.59 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 2.39 and a beta of 0.25.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous 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 forecast that Dollar General will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.6%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the transaction, the executive vice president directly owned 36,108 shares in the company, valued at approximately $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rhonda Taylor sold 7,500 shares of Dollar General stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the sale, the executive vice president owned 73,492 shares in the company, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,673 shares of company stock worth $7,713,389 in the last 90 days. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Dollar General

A number of hedge funds have recently made changes to their positions in the company. NewEdge Wealth LLC boosted its stake in shares of Dollar General by 58.5% in the fourth quarter. NewEdge Wealth LLC now owns 7,193 shares of the company’s stock worth $955,000 after acquiring an additional 2,654 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Dollar General by 7.1% in the 4th quarter. International Assets Investment Management LLC now owns 1,867 shares of the company’s stock valued at $248,000 after purchasing an additional 123 shares in the last quarter. ASR Vermogensbeheer N.V. lifted its holdings in Dollar General by 30.0% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 63,988 shares of the company’s stock valued at $8,496,000 after purchasing an additional 14,750 shares in the last quarter. MGO One Seven LLC boosted its stake in Dollar General by 15.9% during the 4th quarter. MGO One Seven LLC now owns 32,623 shares of the company’s stock worth $4,331,000 after purchasing an additional 4,479 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new stake in shares of Dollar General during the fourth quarter worth $280,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Trending Headlines about Dollar General

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About Dollar General

(Get Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

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Analyst Recommendations for Dollar General (NYSE:DG)

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