Dollar General (NYSE:DG) Given New $128.00 Price Target at JPMorgan Chase & Co.

Dollar General (NYSE:DG) had its price objective hoisted by JPMorgan Chase & Co. from $115.00 to $128.00 in a research report released on Thursday,MarketScreener reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Monday. Loop Capital reduced their price target on Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, November 11th. Sanford C. Bernstein upped their price objective on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Evercore ISI lifted their target price on Dollar General from $100.00 to $105.00 and gave the stock an “in-line” rating in a research note on Tuesday. Finally, Barclays increased their price target on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $122.00.

Dollar General Stock Up 2.0%

Shares of DG traded up $2.56 during mid-day trading on Thursday, hitting $127.85. 557,195 shares of the company’s stock were exchanged, compared to its average volume of 3,576,985. 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 52 week low of $66.43 and a 52 week high of $128.79. The company has a 50-day simple moving average of $103.07 and a 200 day simple moving average of $107.20. The company has a market cap of $28.14 billion, a PE ratio of 23.75, a P/E/G ratio of 2.70 and a beta of 0.27.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the company earned $0.89 EPS. Dollar General’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, research analysts forecast that Dollar General will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is 43.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caldwell Trust Co bought a new stake in Dollar General during the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC purchased a new stake in Dollar General in the second quarter worth $25,000. Atlantic Union Bankshares Corp purchased a new position in Dollar General during the 2nd quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Dollar General in the 3rd quarter worth approximately $26,000. Finally, Peoples Financial Services CORP. purchased a new position in shares of Dollar General in the 3rd quarter worth about $35,000. Institutional investors and hedge funds 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.