Dollar General’s (DG) “Market Perform” Rating Reiterated at Telsey Advisory Group

Dollar General (NYSE:DG)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $123.00 price objective on the stock. Telsey Advisory Group’s price target indicates a potential downside of 0.51% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Gordon Haskett cut their price objective on shares of Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Truist Financial upped their price target on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Wolfe Research assumed coverage on Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective on the stock. Evercore ISI boosted their target price on Dollar General from $100.00 to $105.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, Loop Capital reduced their price target on Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research report on Tuesday, November 11th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $117.82.

Dollar General Price Performance

DG traded up $13.74 during trading on Thursday, reaching $123.63. The stock had a trading volume of 8,495,261 shares, compared to its average volume of 3,563,491. The business has a 50-day moving average of $102.63 and a 200-day moving average of $107.07. Dollar General has a one year low of $66.43 and a one year high of $124.43. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The stock has a market cap of $27.21 billion, a PE ratio of 22.91, a PEG ratio of 2.69 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 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research analysts anticipate that Dollar General will post 5.75 EPS for the current fiscal year.

Institutional Trading of Dollar General

Institutional investors and hedge funds have recently bought and sold shares of the stock. Severin Investments LLC purchased a new position in shares of Dollar General during the 3rd quarter worth approximately $497,000. Allworth Financial LP lifted its stake in shares of Dollar General by 52.9% in the 3rd quarter. Allworth Financial LP now owns 2,964 shares of the company’s stock valued at $306,000 after purchasing an additional 1,025 shares during the period. IFP Advisors Inc boosted its position in shares of Dollar General by 8.0% during the third quarter. IFP Advisors Inc now owns 4,804 shares of the company’s stock valued at $497,000 after purchasing an additional 357 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Dollar General by 159.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 103,707 shares of the company’s stock worth $10,718,000 after buying an additional 63,676 shares during the period. Finally, Groupama Asset Managment bought a new position in shares of Dollar General in the 3rd quarter worth about $392,000. 91.77% of the stock is currently owned by hedge funds and other 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.