Dollar General (NYSE:DG) Price Target Raised to $150.00 at Gordon Haskett

by · The Cerbat Gem

Dollar General (NYSE:DG – Get Free Report) had its price objective boosted by Gordon Haskett from $140.00 to $150.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Gordon Haskett’s target price would suggest a potential upside of 11.99% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Barclays boosted their target price on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. BNP Paribas Exane increased their price objective on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Truist Financial lifted their target price on Dollar General from $120.00 to $129.00 and gave the stock a “hold” rating in a report on Friday, December 5th. BMO Capital Markets increased their price target on Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, December 5th. Finally, Oppenheimer lifted their price objective on Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus price target of $130.52.

View Our Latest Analysis on Dollar General

Dollar General Trading Up 0.8%

Shares of DG stock opened at $133.94 on Tuesday. The stock has a fifty day simple moving average of $107.06 and a two-hundred day simple moving average of $108.75. Dollar General has a 52-week low of $66.43 and a 52-week high of $135.57. The firm has a market capitalization of $29.48 billion, a PE ratio of 23.14, a PEG ratio of 2.42 and a beta of 0.27. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17.

Dollar General (NYSE:DG – Get Free Report) last released its 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. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the business posted $0.89 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, analysts predict that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the sale, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. This represents a 30.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tracey N. Herrmann sold 4,850 shares of Dollar General stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $131.39, for a total value of $637,241.50. Following the completion of the sale, the executive vice president owned 26,098 shares of the company’s stock, valued at $3,429,016.22. The trade was a 15.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,115 shares of company stock valued at $5,074,521 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Dollar General

A number of institutional investors have recently added to or reduced their stakes in DG. Vanguard Group Inc. lifted its position in shares of Dollar General by 0.3% during the third quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock valued at $2,779,754,000 after buying an additional 78,854 shares during the last quarter. State Street Corp grew its holdings in Dollar General by 9.1% in the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock worth $1,133,065,000 after purchasing an additional 913,373 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dollar General by 3.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after purchasing an additional 96,825 shares during the last quarter. Invesco Ltd. grew its stake in Dollar General by 7.4% during the 3rd quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock worth $281,657,000 after buying an additional 188,949 shares during the last quarter. Finally, Baupost Group LLC MA increased its position in Dollar General by 26.7% during the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after buying an additional 562,000 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

About Dollar General

(Get Free Report)

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.

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