Dollar General (NYSE:DG) Coverage Initiated at Wolfe Research

Key Points

• Wolfe Research has initiated coverage on Dollar General, assigning an "outperform" rating with a price target of $139.00, suggesting a potential upside of 30.55% from the stock's previous close.
• The company reported a quarterly EPS of $1.86, exceeding estimates and showing a 5.1% increase in revenue year-over-year, amounting to $10.73 billion.
• Various brokerages have differing ratings on Dollar General, with the consensus being a "Hold" rating and an average price target of $114.52.

Equities researchers at Wolfe Research started coverage on shares of Dollar General (NYSE:DG - Get Free Report) in a note issued to investors on Thursday, MarketBeat reports. The firm set an "outperform" rating and a $139.00 price target on the stock. Wolfe Research's target price indicates a potential upside of 36.16% from the stock's previous close.

Other analysts have also issued research reports about the company. Cfra Research upgraded Dollar General to a "hold" rating in a report on Tuesday, June 3rd. KeyCorp restated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Telsey Advisory Group set a $123.00 target price on Dollar General in a report on Friday, August 29th. Loop Capital increased their target price on Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. Finally, Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $114.52.

Dollar General Stock Down 4.5%

Shares of DG traded down $4.81 during mid-day trading on Thursday, reaching $102.09. The company's stock had a trading volume of 6,057,350 shares, compared to its average volume of 3,114,652. The business has a fifty day moving average of $109.84 and a 200 day moving average of $101.40. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 2.25 and a beta of 0.29. Dollar General has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts forecast that Dollar General will post 5.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dollar General

Institutional investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new position in Dollar General during the second quarter valued at about $25,000. Atlantic Union Bankshares Corp bought a new position in Dollar General during the second quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in Dollar General during the fourth quarter valued at about $31,000. Mountain Hill Investment Partners Corp. raised its holdings in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after buying an additional 200 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares in the last quarter. 91.77% of the stock is currently owned by 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.