Brokerages Set Dollar General Corporation (NYSE:DG) Target Price at $115.48

Dollar General Corporation (NYSE:DG) has received a consensus rating of “Hold” from the twenty-eight ratings firms that are covering the stock, MarketBeat.com reports. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $115.48.

A number of brokerages have weighed in on DG. Wells Fargo & Company lifted their price objective on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Evercore ISI dropped their price objective on Dollar General from $118.00 to $114.00 and set an “in-line” rating for the company in a research note on Tuesday, September 23rd. Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Dollar General in a report on Friday, August 29th. Barclays upped their target price on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein lifted their price target on Dollar General from $122.00 to $134.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sowell Financial Services LLC acquired a new position in shares of Dollar General in the first quarter worth $280,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Dollar General by 4.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock valued at $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Dollar General by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock worth $921,000 after buying an additional 5,171 shares during the period. Farther Finance Advisors LLC boosted its position in Dollar General by 48.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock worth $288,000 after purchasing an additional 1,081 shares during the period. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Dollar General in the first quarter worth about $879,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

DG stock opened at $100.07 on Friday. The business has a 50 day moving average price of $108.26 and a 200 day moving average price of $103.31. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.11 and a beta of 0.30. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

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

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s dividend payout ratio is 43.70%.

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.