BNP Paribas Exane Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price target raised by BNP Paribas Exane from $118.00 to $127.00 in a research report sent to investors on Friday,MarketScreener reports. BNP Paribas Exane currently has a neutral rating on the stock.

DG has been the subject of a number of other reports. Wells Fargo & Company lifted their target price 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 set a $130.00 price target on Dollar General in a research report on Friday. BMO Capital Markets boosted their price objective on Dollar General from $115.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday. Raymond James Financial restated an “outperform” rating and set a $135.00 target price on shares of Dollar General in a research note on Friday. Finally, Barclays lifted their price target on shares of Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $125.68.

Dollar General Stock Down 4.2%

Shares of DG traded down $5.50 during mid-day trading on Friday, hitting $126.87. 1,478,776 shares of the company’s stock were exchanged, compared to its average volume of 3,616,580. The stock’s 50-day moving average is $103.68 and its 200-day moving average is $107.52. 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 has a fifty-two week low of $66.43 and a fifty-two week high of $135.08. The company has a market cap of $27.93 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.43 and a beta of 0.27.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the firm earned $0.89 EPS. The firm’s revenue for the quarter 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, sell-side analysts anticipate that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.9%. Dollar General’s payout ratio is 40.76%.

Hedge Funds Weigh In On Dollar General

A number of hedge funds have recently modified their holdings of the business. Cardinal Point Capital Management ULC raised its stake in shares of Dollar General by 5.0% during the 3rd quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock worth $219,000 after buying an additional 100 shares in the last quarter. Brooks Moore & Associates Inc. grew its holdings in Dollar General by 1.3% during the third quarter. Brooks Moore & Associates Inc. now owns 7,590 shares of the company’s stock worth $784,000 after acquiring an additional 100 shares during the period. Meridian Wealth Management LLC raised its position in Dollar General by 5.5% in the third quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock worth $202,000 after acquiring an additional 102 shares in the last quarter. Accurate Wealth Management LLC raised its position in Dollar General by 1.2% in the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after acquiring an additional 108 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Dollar General by 5.8% in the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after acquiring an additional 110 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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.