Dollar General (NYSE:DG) Price Target Raised to $128.00 at JPMorgan Chase & Co.

Dollar General (NYSE:DG - Get Free Report) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $115.00 to $128.00 in a report released on Thursday,MarketScreener reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 0.19% from the stock's current price.

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Several other research firms also recently weighed in on DG. Truist Financial boosted their price target on Dollar General from $120.00 to $129.00 and gave the company a "hold" rating in a research note on Friday. UBS Group reiterated a "buy" rating on shares of Dollar General in a research report on Friday. Piper Sandler restated a "neutral" rating and set a $129.00 price objective on shares of Dollar General in a research note on Friday. The Goldman Sachs Group downgraded shares of Dollar General from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 13th. Finally, Evercore ISI increased their price target on Dollar General from $100.00 to $105.00 and gave the stock an "in-line" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Dollar General currently has an average rating of "Hold" and a consensus price target of $122.00.

Get Our Latest Research Report on DG

Dollar General Stock Up 2.4%

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Dollar General stock opened at $128.24 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The stock has a market capitalization of $28.23 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.70 and a beta of 0.27. The business has a fifty day moving average price of $103.07 and a 200-day moving average price of $107.20. Dollar General has a 1-year low of $66.43 and a 1-year high of $127.23.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results 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. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business posted $0.89 EPS. Dollar General's revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities research analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Institutional Trading of Dollar General

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caldwell Trust Co bought a new stake in Dollar General during the 2nd quarter worth about $25,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Dollar General during the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Dollar General during the second quarter worth approximately $26,000. Root Financial Partners LLC acquired a new position in Dollar General in the third quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. bought a new position in Dollar General in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Company Profile

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.

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