Brokerages Set Dollar General Corporation (NYSE:DG) Price Target at $130.42

Dollar General Corporation (NYSE:DG) has been given a consensus recommendation of “Hold” by the twenty-nine ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eighteen have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $130.4231.

A number of equities research analysts have recently issued reports on DG shares. The Goldman Sachs Group dropped their target price on shares of Dollar General from $130.00 to $128.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. HSBC cut their price objective on Dollar General from $141.00 to $125.00 and set a “hold” rating for the company in a research report on Wednesday, June 3rd. Loop Capital boosted their target price on Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a report on Wednesday, June 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $145.00 price target on shares of Dollar General in a report on Wednesday, June 3rd. Finally, Morgan Stanley decreased their price objective on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd.

Key Stories Impacting Dollar General

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: Analyst support remains favorable. Oppenheimer maintained its Buy rating on Dollar General, providing a positive signal ahead of the earnings release. Oppenheimer Keeps Their Buy Rating on Dollar General
• Positive Sentiment: Expectations call for year-over-year growth. Wall Street is forecasting approximately $2.02 in quarterly EPS and $11.20 billion in revenue. Dollar General previously exceeded its quarterly EPS estimate, which may support confidence if the company delivers another beat. Dollar General Q2 Earnings Forecast
• Positive Sentiment: Technical and valuation comparisons offer some support. Coverage of the dollar-store group notes that Dollar General and Dollar Tree are entering earnings with solid growth expectations, while both companies have attracted price-target increases and are considered to be in or near favorable buy zones. Dollar Stores in Earnings Spotlight

Hedge Funds Weigh In On Dollar General

Several institutional investors and hedge funds have recently made changes to their positions in DG. California State Teachers Retirement System boosted its stake in Dollar General by 14,024.5% in the 2nd quarter. California State Teachers Retirement System now owns 37,348,936 shares of the company’s stock valued at $4,299,236,000 after purchasing an additional 37,084,509 shares during the period. Vanguard Group Inc. grew its stake in shares of Dollar General by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after acquiring an additional 412,542 shares in the last quarter. State Street Corp increased its position in Dollar General by 0.5% during the fourth quarter. State Street Corp now owns 11,017,002 shares of the company’s stock worth $1,462,727,000 after acquiring an additional 53,624 shares during the period. Morgan Stanley raised its stake in Dollar General by 35.0% in the 4th quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after purchasing an additional 1,624,748 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after purchasing an additional 42,936 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 0.3%

DG stock opened at $122.97 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $120.97 and a two-hundred day moving average price of $123.31. The company has a market cap of $27.13 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.86 and a beta of 0.23. Dollar General has a twelve month low of $95.11 and a twelve month high of $158.23.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The firm had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. Analysts anticipate that Dollar General will post 7.38 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s dividend payout ratio is 33.38%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.