Evercore ISI Has Lowered Expectations for Dollar General (NYSE:DG) Stock Price

Key Points

• Evercore ISI has reduced its price target for Dollar General stock from $118 to $114, suggesting a potential upside of 10.32% from the current price.
• The consensus rating for Dollar General is currently a "Hold" with an average target price of $115.50, while other analysts have varied targets, with some recommending a "Buy" rating.
• In its latest earnings report, Dollar General exceeded expectations with an EPS of $1.86 and reported a revenue of $10.73 billion, reflecting a 5.1% year-over-year increase.

Dollar General (NYSE:DG - Get Free Report) had its price objective cut by equities research analysts at Evercore ISI from $118.00 to $114.00 in a research note issued on Tuesday,MarketScreener reports. Evercore ISI's target price indicates a potential upside of 10.32% from the company's current price.

Several other equities analysts also recently commented on DG. Wells Fargo & Company boosted their price target on shares of Dollar General from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Citigroup raised their price objective on shares of Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Guggenheim restated a "buy" rating and issued a $125.00 target price on shares of Dollar General in a report on Friday, August 29th. Finally, Truist Financial lifted their price target on shares of Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $115.50.

Dollar General Stock Up 1.5%

NYSE DG opened at $103.34 on Tuesday. The stock's 50-day moving average price is $109.59 and its 200-day moving average price is $101.91. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $22.75 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.15 and a beta of 0.29. Dollar General has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last posted 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. The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities research analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Hedge Funds Weigh In On Dollar General

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Dollar General by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company's stock worth $3,067,403,000 after acquiring an additional 384,447 shares during the period. Pzena Investment Management LLC grew its stake in shares of Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after buying an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in Dollar General by 3.9% in the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after purchasing an additional 155,966 shares during the period. Invesco Ltd. boosted its position in Dollar General by 2.6% during the first quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock valued at $305,079,000 after acquiring an additional 89,067 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Dollar General by 116.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company's stock valued at $310,538,000 after purchasing an additional 1,458,093 shares during the period. 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.

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