Morgan Stanley Issues Positive Forecast for Dollar General (NYSE:DG) Stock Price

Dollar General (NYSE:DG) had its price objective hoisted by research analysts at Morgan Stanley from $125.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 3.06% from the company’s current price.

A number of other equities research analysts also recently issued reports on DG. Wells Fargo & Company increased their price target on shares of Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Jefferies Financial Group reiterated a “buy” rating on shares of Dollar General in a research note on Friday. Loop Capital cut their price target on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, November 11th. BMO Capital Markets boosted their price target on shares of Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $129.00 price objective on shares of Dollar General in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $123.59.

Dollar General Stock Performance

Shares of DG stock traded up $5.70 during trading on Friday, reaching $130.99. 2,525,397 shares of the company’s stock traded hands, compared to its average volume of 3,580,482. The firm’s 50-day moving average is $103.07 and its 200 day moving average is $107.20. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General has a 1 year low of $66.43 and a 1 year high of $131.34. The company has a market capitalization of $28.83 billion, a P/E ratio of 24.21, a PEG ratio of 2.70 and a beta of 0.27.

Dollar General (NYSE:DG) last released 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. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities research analysts expect that Dollar General will post 5.75 EPS for the current year.

Institutional Trading of Dollar General

Several institutional investors have recently added to or reduced their stakes in DG. AQR Capital Management LLC increased its holdings in shares of Dollar General by 416.4% in the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after buying an additional 2,036,573 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Dollar General by 116.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after acquiring an additional 1,458,093 shares during the last quarter. Royal Bank of Canada increased its stake in Dollar General by 251.6% in the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after purchasing an additional 1,456,549 shares during the period. Norges Bank bought a new stake in Dollar General in the second quarter valued at approximately $154,371,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Dollar General by 15,369.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock valued at $139,450,000 after purchasing an additional 1,211,298 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

About Dollar General

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.