Dollar General (NYSE:DG) Price Target Raised to $130.00

Dollar General (NYSE:DG) had its target price increased by Daiwa Capital Markets from $113.00 to $130.00 in a research note published on Monday morning,MarketScreener reports. Daiwa Capital Markets currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on DG. Citigroup upped their price target on shares of Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a report on Monday. Raymond James Financial restated an “outperform” rating and issued a $135.00 price objective on shares of Dollar General in a research report on Friday, December 5th. Morgan Stanley upped their price objective on shares of Dollar General from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, December 5th. Sanford C. Bernstein increased their target price on shares of Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group upgraded Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus price target of $126.80.

Dollar General Trading Up 0.2%

NYSE DG opened at $125.77 on Monday. The firm has a market cap of $27.68 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.27. Dollar General has a 1-year low of $66.43 and a 1-year high of $135.08. The stock has a 50-day moving average of $105.09 and a 200-day moving average of $107.98. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

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

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. Dollar General’s payout ratio is presently 40.76%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new stake in Dollar General in the second quarter worth $25,000. Caldwell Trust Co purchased a new position in Dollar General during the second quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the 2nd quarter valued at $26,000. Root Financial Partners LLC bought a new stake in shares of Dollar General during the 3rd quarter valued at $26,000. Finally, Peoples Financial Services CORP. purchased a new stake in shares of Dollar General in the 3rd quarter worth about $35,000. 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.