Dollar General (NYSE:DG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has raised its target price for Dollar General from $95.00 to $109.00, indicating a potential upside of 4.58% from the current stock price.
• The consensus rating among analysts for Dollar General is currently a "Hold," with an average price target of $113.50.
• Dollar General recently reported earnings of $1.86 per share, beating estimates by $0.30, and showed a 5.1% year-over-year revenue increase to $10.73 billion.

Dollar General (NYSE:DG - Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $95.00 to $109.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 4.58% from the company's current price.

DG has been the topic of several other reports. Evercore ISI raised their price objective on shares of Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research report on Tuesday, August 12th. Raymond James Financial lifted their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Barclays lifted their price target on shares of Dollar General from $119.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Finally, Sanford C. Bernstein boosted their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an "outperform" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $113.50.

Dollar General Stock Performance

Dollar General stock traded down $0.29 during midday trading on Tuesday, reaching $104.23. 212,157 shares of the company traded hands, compared to its average volume of 3,692,801. The firm has a market capitalization of $22.94 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.20 and a beta of 0.29. The business has a 50 day moving average of $110.46 and a two-hundred day moving average of $100.90. Dollar General has a 12 month low of $66.43 and a 12 month high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

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

Institutional Investors Weigh In On Dollar General

Several hedge funds and other institutional investors have recently bought and sold shares of DG. Ameriprise Financial Inc. increased its position in Dollar General by 18.1% during the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after purchasing an additional 16,453 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Dollar General by 16.4% during the 4th quarter. Focus Partners Wealth now owns 5,136 shares of the company's stock worth $389,000 after purchasing an additional 725 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Dollar General by 104.0% during the 4th quarter. Quantinno Capital Management LP now owns 14,100 shares of the company's stock worth $1,069,000 after purchasing an additional 7,189 shares during the last quarter. Rafferty Asset Management LLC lifted its position in Dollar General by 10.2% in the fourth quarter. Rafferty Asset Management LLC now owns 24,285 shares of the company's stock valued at $1,841,000 after acquiring an additional 2,252 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Dollar General by 17.4% in the fourth quarter. Toronto Dominion Bank now owns 117,720 shares of the company's stock valued at $8,926,000 after acquiring an additional 17,478 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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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