Dollar General (NYSE:DG) Price Target Cut to $128.00 by Analysts at The Goldman Sachs Group

Key Points

• Goldman Sachs cut its price target on Dollar General to $128 from $130 while keeping a neutral rating. The new target still implies about 21.8% upside from the previous close.
• Dollar General recently beat earnings expectations, reporting $2.00 EPS versus $1.89 expected, and it also raised its FY2026 guidance to $7.20-$7.45 per share. Revenue grew 3.4% year over year, though it came in slightly below estimates.
• The stock traded down 1.1% to $105.09, with analyst sentiment mixed overall: the consensus rating is Hold and the average price target is $134.19. Some analysts remain constructive, but others have trimmed targets or downgraded the shares amid ongoing pressure on lower-income shoppers.

Dollar General (NYSE:DG - Get Free Report) had its price objective cut by investment analysts at The Goldman Sachs Group from $130.00 to $128.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's target price indicates a potential upside of 21.80% from the stock's previous close.

A number of other research analysts have also weighed in on the stock. Oppenheimer dropped their price objective on shares of Dollar General from $170.00 to $150.00 and set an "outperform" rating on the stock in a research note on Friday, May 29th. BMO Capital Markets restated a "market perform" rating and issued a $120.00 target price on shares of Dollar General in a report on Wednesday. Morgan Stanley set a $132.00 price target on shares of Dollar General in a research report on Wednesday. Wall Street Zen downgraded Dollar General from a "buy" rating to a "hold" rating in a research note on Saturday, April 4th. Finally, Gordon Haskett lowered Dollar General from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $140.00 to $110.00 in a report on Friday, May 22nd. Twelve research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus price target of $134.19.

Dollar General Stock Down 1.1%

Dollar General stock traded down $1.18 during mid-day trading on Wednesday, reaching $105.09. The stock had a trading volume of 445,276 shares, compared to its average volume of 3,392,103. The firm has a market capitalization of $23.14 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.79 and a beta of 0.26. Dollar General has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The stock's 50-day simple moving average is $115.21 and its 200-day simple moving average is $128.71. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The company had revenue of $10.79 billion for the quarter, compared to analysts' expectations of $10.81 billion. During the same period last year, the business earned $1.78 EPS. Dollar General's quarterly revenue was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, sell-side analysts forecast that Dollar General will post 7.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Dollar General

A number of institutional investors have recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Dollar General during the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Dollar General by 4,550.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company's stock valued at $25,000 after acquiring an additional 182 shares in the last quarter. Evergreen Advisors LLC purchased a new position in Dollar General in the first quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Dollar General by 69.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company's stock worth $26,000 after purchasing an additional 79 shares during the last quarter. Finally, Reflection Asset Management bought a new position in Dollar General in the 4th quarter valued at $28,000. 91.77% of the stock is owned by institutional investors.

Key Headlines Impacting Dollar General

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: Dollar General beat Q1 EPS expectations with $2.00 per share versus $1.89 expected, while same-store sales rose 2.0% and operating margin improved, signaling healthier execution. Dollar General Corporation Reports First Quarter 2026 Results
• Positive Sentiment: The company raised its fiscal 2026 earnings outlook to $7.20-$7.45 per share, reinforcing confidence that margin gains and cost control can continue. Dollar General raises annual profit forecast on resilient demand for discount goods
• Positive Sentiment: Analyst commentary stayed constructive overall, with UBS’s Michael Lasser reiterating a Buy rating on operational upgrades, margin expansion and raised guidance. UBS analyst reiterates Buy on Dollar General
• Neutral Sentiment: Loop Capital raised its price target to $115 from $110, but kept a Hold rating, suggesting limited upside despite the improved results. Loop Capital price target update
• Neutral Sentiment: Telsey Advisory Group lowered its price target to $125 from $140 and maintained a Market Perform rating, reflecting caution after the rally in expectations.
• Negative Sentiment: Management also flagged ongoing pressure from higher gas prices and reduced SNAP benefits, which are making some customers buy less food and household goods, especially in rural areas. Customer spending pressure article

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.

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