Oppenheimer Raises Dollar General (NYSE:DG) Price Target to $145.00

Dollar General (NYSE:DG) had its price target lifted by stock analysts at Oppenheimer from $138.00 to $145.00 in a report released on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 9.29% from the stock’s current price.

A number of other research analysts have also commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $130.00 target price (up from $123.00) on shares of Dollar General in a report on Thursday. Wall Street Zen upgraded Dollar General from a “hold” rating to a “buy” rating in a report on Saturday. Raymond James Financial reissued an “outperform” rating and issued a $135.00 target price on shares of Dollar General in a research report on Friday. Jefferies Financial Group raised their price objective on shares of Dollar General from $130.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Morgan Stanley boosted their target price on shares of Dollar General from $125.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average price target of $125.43.

Dollar General Stock Performance

Shares of DG stock opened at $132.67 on Friday. The company’s fifty day simple moving average is $103.68 and its 200-day simple moving average is $107.44. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.63. Dollar General has a 52 week low of $66.43 and a 52 week high of $135.08. The company has a market cap of $29.20 billion, a PE ratio of 22.91, a P/E/G ratio of 2.97 and a beta of 0.27.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Institutional Investors Weigh In On Dollar General

Several hedge funds and other institutional investors have recently made changes to their positions in DG. Severin Investments LLC acquired a new position in shares of Dollar General during the 3rd quarter worth about $497,000. Allworth Financial LP boosted its position in Dollar General by 52.9% during the third quarter. Allworth Financial LP now owns 2,964 shares of the company’s stock valued at $306,000 after purchasing an additional 1,025 shares during the last quarter. IFP Advisors Inc grew its stake in Dollar General by 8.0% in the third quarter. IFP Advisors Inc now owns 4,804 shares of the company’s stock valued at $497,000 after purchasing an additional 357 shares in the last quarter. Swiss Life Asset Management Ltd raised its stake in shares of Dollar General by 159.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 103,707 shares of the company’s stock worth $10,718,000 after purchasing an additional 63,676 shares in the last quarter. Finally, Groupama Asset Managment acquired a new stake in shares of Dollar General in the 3rd quarter valued at approximately $392,000. 91.77% of the stock is owned by institutional investors and hedge funds.

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.