Evercore ISI Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price objective increased by equities researchers at Evercore ISI from $140.00 to $143.00 in a report released on Tuesday,MarketScreener reports. Evercore ISI’s target price would indicate a potential downside of 4.78% from the stock’s current price.

A number of other equities analysts have also recently issued reports on DG. UBS Group raised their target price on shares of Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Loop Capital upped their price objective on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Oppenheimer boosted their price target on Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average price target of $141.27.

Dollar General Stock Down 0.1%

Dollar General stock traded down $0.15 during midday trading on Tuesday, hitting $150.18. 199,520 shares of the company were exchanged, compared to its average volume of 3,392,255. The company has a market cap of $33.06 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.26. Dollar General has a fifty-two week low of $69.32 and a fifty-two week high of $154.75. The company’s fifty day moving average price is $131.00 and its 200-day moving average price is $114.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts predict that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Rhonda Taylor sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the transaction, the executive vice president directly owned 73,492 shares in the company, valued at $9,913,335.88. The trade was a 9.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Dollar General by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after acquiring an additional 78,854 shares in the last quarter. State Street Corp grew its position in Dollar General by 9.1% in the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after purchasing an additional 913,373 shares in the last quarter. Baillie Gifford & Co. increased its stake in Dollar General by 2.1% in the 4th quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock valued at $440,286,000 after buying an additional 68,723 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Dollar General by 3.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock worth $290,599,000 after buying an additional 96,825 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of 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. 91.77% of the stock is currently owned by institutional investors.

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.