Dollar General (NYSE:DG) Price Target Lowered to $100.00 at Loop Capital

Dollar General (NYSE:DG) had its target price reduced by Loop Capital from $120.00 to $100.00 in a research report sent to investors on Tuesday morning,MarketScreener reports. They currently have a hold rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Guggenheim reissued a “buy” rating and set a $125.00 price target on shares of Dollar General in a research report on Friday, August 29th. JPMorgan Chase & Co. boosted their price target on Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Wolfe Research initiated coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target on the stock. Gordon Haskett lowered their price objective on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Finally, Evercore ISI cut their target price on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $114.84.

Dollar General Stock Down 0.3%

DG traded down $0.32 on Tuesday, hitting $103.87. The company had a trading volume of 1,345,499 shares, compared to its average volume of 3,563,811. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. Dollar General has a 52-week low of $66.43 and a 52-week high of $117.95. The stock has a fifty day simple moving average of $102.57 and a 200-day simple moving average of $105.62. The firm has a market capitalization of $22.86 billion, a P/E ratio of 19.23, a P/E/G ratio of 2.10 and a beta of 0.30.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, equities analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General’s payout ratio is currently 43.70%.

Institutional Investors Weigh In On Dollar General

Several institutional investors and hedge funds have recently added to or reduced their stakes in DG. Cerity Partners LLC boosted its stake in shares of Dollar General by 40.9% in the 1st quarter. Cerity Partners LLC now owns 49,895 shares of the company’s stock worth $4,387,000 after buying an additional 14,492 shares during the last quarter. Edgestream Partners L.P. bought a new position in Dollar General in the first quarter valued at about $2,289,000. Sigma Planning Corp purchased a new position in Dollar General in the first quarter worth about $286,000. Apollon Wealth Management LLC bought a new stake in shares of Dollar General during the 1st quarter valued at about $267,000. Finally, Wealthfront Advisers LLC increased its position in shares of Dollar General by 98.2% during the 1st quarter. Wealthfront Advisers LLC now owns 17,662 shares of the company’s stock valued at $1,553,000 after purchasing an additional 8,752 shares during the last quarter. 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.