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

Dollar General (NYSE:DG) had its target price upped by stock analysts at Oppenheimer from $145.00 to $170.00 in a report released on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 11.35% from the stock’s previous close.

A number of other analysts also recently weighed in on the stock. BNP Paribas Exane increased their price target on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Morgan Stanley upped their price objective on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Citigroup boosted their price target on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Evercore upped their price target on Dollar General from $143.00 to $145.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. Finally, UBS Group reissued a “buy” rating and set a $168.00 price objective on shares of Dollar General in a report on Friday, February 6th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.37.

Dollar General Stock Performance

Shares of DG opened at $152.67 on Tuesday. The firm has a market cap of $33.60 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.50 and a beta of 0.24. The company’s fifty day moving average is $144.27 and its 200-day moving average is $120.39. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. Dollar General has a 12 month low of $70.01 and a 12 month high of $155.00.

Dollar General (NYSE:DG) last posted 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. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Activity at Dollar General

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president directly owned 22,295 shares of the company’s stock, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This trade represents a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,673 shares of company stock valued at $7,713,389 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dollar General

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dollar General by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock worth $2,314,000 after purchasing an additional 1,185 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Dollar General by 12.3% in the first quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock valued at $919,000 after buying an additional 1,148 shares during the period. Woodline Partners LP increased its position in shares of Dollar General by 40.7% during the first quarter. Woodline Partners LP now owns 18,580 shares of the company’s stock worth $1,634,000 after acquiring an additional 5,373 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Dollar General during the second quarter worth $211,000. Finally, AlphaQuest LLC raised its holdings in shares of Dollar General by 478.8% during the second quarter. AlphaQuest LLC now owns 903 shares of the company’s stock worth $103,000 after acquiring an additional 747 shares during the period. 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.