Loop Capital Issues Pessimistic Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target decreased by equities research analysts at Loop Capital from $120.00 to $100.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Loop Capital’s price target would suggest a potential downside of 4.02% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Truist Financial lifted their target price on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Raymond James Financial boosted their target price on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target for the company. Barclays increased their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Piper Sandler raised their price objective on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $114.84.

Dollar General Stock Down 0.0%

Shares of NYSE DG traded down $0.00 on Tuesday, hitting $104.19. The company had a trading volume of 2,297,957 shares, compared to its average volume of 3,568,720. The firm has a market capitalization of $22.93 billion, a P/E ratio of 19.29, a PEG ratio of 2.10 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. Dollar General has a 12-month low of $66.43 and a 12-month high of $117.95. The business has a 50 day moving average of $102.57 and a two-hundred day moving average of $105.62.

Dollar General (NYSE:DG) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s quarterly revenue was up 5.1% compared to the same quarter last year. 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 research analysts forecast that Dollar General will post 5.75 earnings per share for the current fiscal year.

Institutional Trading of Dollar General

Hedge funds have recently made changes to their positions in the stock. Sprucegrove Investment Management Ltd. acquired a new stake in Dollar General during the 2nd quarter worth approximately $4,430,000. AustralianSuper Pty Ltd acquired a new stake in shares of Dollar General during the second quarter worth $1,042,000. Blair William & Co. IL lifted its holdings in shares of Dollar General by 52.0% during the second quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock worth $648,000 after buying an additional 1,938 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Dollar General in the second quarter valued at about $101,000. Finally, HB Wealth Management LLC increased its position in Dollar General by 6.3% during the second quarter. HB Wealth Management LLC now owns 6,667 shares of the company’s stock worth $763,000 after acquiring an additional 393 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

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.