Gordon Haskett Lowers Dollar General (NYSE:DG) Price Target to $115.00

Key Points

• Gordon Haskett has lowered the price target for Dollar General from $130.00 to $115.00, suggesting a potential upside of 12.35% from its current price.
• Dollar General recently reported quarterly earnings of $1.86 per share, exceeding the consensus estimate by $0.30 and indicating a 5.1% revenue growth year-over-year.
• The stock currently has an average rating of "Hold" with a mixed set of analyst ratings including one Strong Buy and eleven Buy ratings.

Dollar General (NYSE:DG - Get Free Report) had its price target lowered by investment analysts at Gordon Haskett from $130.00 to $115.00 in a research note issued to investors on Friday,MarketScreener reports. Gordon Haskett's target price would suggest a potential upside of 12.35% from the company's current price.

DG has been the subject of several other research reports. Sanford C. Bernstein raised their price objective on shares of Dollar General from $122.00 to $134.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a research report on Wednesday, June 4th. Wells Fargo & Company increased their target price on shares of Dollar General from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Friday, August 29th. Guggenheim reaffirmed a "buy" rating and issued a $125.00 target price on shares of Dollar General in a report on Friday, August 29th. Finally, Piper Sandler increased their price target on shares of Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $115.48.

Dollar General Stock Down 0.5%

DG opened at $102.36 on Friday. The company's 50-day moving average is $109.11 and its 200 day moving average is $102.08. The firm has a market capitalization of $22.53 billion, a P/E ratio of 18.91, a PEG ratio of 2.20 and a beta of 0.29. 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 has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts expect that Dollar General will post 5.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dollar General

Several institutional investors have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC bought a new position in shares of Dollar General in the second quarter valued at approximately $25,000. Caldwell Trust Co bought a new stake in Dollar General during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new stake in Dollar General in the second quarter worth about $26,000. Ameriflex Group Inc. bought a new position in Dollar General in the 4th quarter worth about $31,000. Finally, Mountain Hill Investment Partners Corp. grew its stake in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

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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