Evercore ISI Issues Pessimistic Forecast for Dollar General (NYSE:DG) Stock Price

Key Points

• Evercore ISI has lowered its price target for Dollar General's stock from $114.00 to $112.00, maintaining an "in-line" rating which suggests limited upside potential.
• Other analysts offer more optimistic targets, with Morgan Stanley raising its target to $125.00, while the consensus price target remains at $115.40.
• Dollar General recently reported earnings of $1.86 per share, surpassing estimates and indicating year-over-year revenue growth of 5.1%.

Dollar General (NYSE:DG - Get Free Report) had its price objective lowered by investment analysts at Evercore ISI from $114.00 to $112.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price target points to a potential upside of 16.69% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley increased their target price on Dollar General from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Truist Financial increased their price objective on Dollar General from $119.00 to $120.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Guggenheim reaffirmed a "buy" rating and set a $125.00 target price on shares of Dollar General in a report on Friday, August 29th. Piper Sandler upped their price target on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Finally, Loop Capital raised their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus price target of $115.40.

Dollar General Stock Performance

Dollar General stock traded down $1.56 during midday trading on Tuesday, reaching $95.98. The stock had a trading volume of 1,487,805 shares, compared to its average volume of 3,677,785. The firm has a market capitalization of $21.13 billion, a PE ratio of 17.79, a P/E/G ratio of 2.11 and a beta of 0.30. Dollar General has a 12 month low of $66.43 and a 12 month 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. The firm's 50-day moving average price is $108.10 and its 200 day moving average price is $103.41.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion during 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 was up 5.1% on a year-over-year basis. During the same quarter last 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, research analysts predict that Dollar General will post 5.75 earnings per share for the current fiscal year.

Institutional Trading of Dollar General

Several institutional investors and hedge funds have recently made changes to their positions in DG. Elevation Point Wealth Partners LLC purchased a new position in Dollar General in the second quarter worth $25,000. Caldwell Trust Co purchased a new position in shares of Dollar General in the 2nd quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General during the 2nd quarter valued at about $26,000. Mountain Hill Investment Partners Corp. increased its position in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Dollar General by 170.1% during the 1st 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. Hedge funds and other institutional investors own 91.77% of the company's stock.

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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