BMO Capital Markets Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its target price lifted by BMO Capital Markets from $130.00 to $145.00 in a report issued on Friday morning,MarketScreener reports. The firm currently has a market perform rating on the stock.

Other research analysts have also issued research reports about the stock. Loop Capital raised their price target on shares of Dollar General from $120.00 to $145.00 and gave the stock a “hold” rating in a report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on shares of Dollar General from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, January 9th. Wolfe Research upped their target price on Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $130.00 price target (up from $123.00) on shares of Dollar General in a research note on Thursday, December 4th. Finally, Guggenheim upped their price objective on Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $144.78.

Dollar General Trading Up 3.5%

DG stock opened at $153.76 on Friday. Dollar General has a fifty-two week low of $70.01 and a fifty-two week high of $154.75. The stock has a market capitalization of $33.85 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.47 and a beta of 0.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The business has a fifty day moving average price of $141.54 and a 200 day moving average price of $118.48.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’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. Analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.5%. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Insider Buying and Selling at Dollar General

In related news, EVP Roderick J. West sold 2,282 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the transaction, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. The trade was a 5.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the transaction, the executive vice president owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 58,673 shares of company stock valued at $7,713,389. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar General

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General in the 2nd quarter worth approximately $25,000. Caldwell Trust Co bought a new position in Dollar General in the second quarter worth $25,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Dollar General in the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the second quarter worth $26,000. Finally, Root Financial Partners LLC acquired a new position in Dollar General during the third quarter valued at approximately $26,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Company Profile

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.