Dollar General (NYSE:DG) Price Target Raised to $145.00 at Oppenheimer

Dollar General (NYSE:DG) had its target price upped by stock analysts at Oppenheimer from $138.00 to $145.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective points to a potential upside of 9.29% from the company’s previous close.

DG has been the topic of a number of other research reports. Guggenheim set a $140.00 target price on Dollar General in a research report on Friday. Evercore ISI set a $130.00 price target on shares of Dollar General in a report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $130.00 price objective (up from $123.00) on shares of Dollar General in a research report on Thursday. Truist Financial boosted their target price on shares of Dollar General from $120.00 to $129.00 and gave the stock a “hold” rating in a research note on Friday. Finally, The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.43.

Dollar General Trading Up 5.9%

Shares of Dollar General stock opened at $132.67 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.27 and a current ratio of 1.17. The firm has a 50-day moving average of $103.68 and a 200-day moving average of $107.44. Dollar General has a 52-week low of $66.43 and a 52-week high of $135.08. The stock has a market cap of $29.20 billion, a PE ratio of 22.91, a PEG ratio of 2.97 and a beta of 0.27.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast that Dollar General will post 5.75 EPS for the current year.

Hedge Funds Weigh In On Dollar General

A number of hedge funds have recently bought and sold shares of the company. Caldwell Trust Co bought a new stake in Dollar General during the second quarter valued at $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Dollar General during the 2nd quarter valued at about $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the 2nd quarter valued at about $26,000. Root Financial Partners LLC acquired a new stake in Dollar General during the third quarter worth approximately $26,000. Finally, Peoples Financial Services CORP. acquired a new position in Dollar General in the third quarter valued at approximately $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.