Dollar General (NYSE:DG) Earns “Buy” Rating from Guggenheim

Dollar General (NYSE:DG)‘s stock had its “buy” rating reiterated by Guggenheim in a research report issued on Friday,Benzinga reports. They presently have a $125.00 price target on the stock. Guggenheim’s price target would indicate a potential upside of 14.94% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Citigroup lifted their price target on shares of Dollar General from $101.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Bank of America raised their target price on Dollar General from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Morgan Stanley upped their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday. UBS Group increased their price target on Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Dollar General in a report on Tuesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $112.79.

Dollar General Price Performance

Shares of DG opened at $108.75 on Friday. The firm has a market cap of $23.93 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.59 and a beta of 0.31. Dollar General has a 52-week low of $66.43 and a 52-week high of $117.95. The business’s 50 day moving average price is $112.02 and its two-hundred day moving average price is $98.27. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.20 and a current ratio of 1.25.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the business posted $1.70 EPS. Dollar General’s revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, equities analysts anticipate that Dollar General will post 5.75 EPS for the current year.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares of the company’s stock, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Dollar General

A number of hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP grew its stake in Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company’s stock valued at $178,491,000 after purchasing an additional 1,797,776 shares during the period. Pacer Advisors Inc. grew its position in Dollar General by 5,440.2% during the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock valued at $139,155,000 after buying an additional 1,554,004 shares during the period. Arrowstreet Capital Limited Partnership grew its position in 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 buying an additional 1,458,093 shares during the period. Royal Bank of Canada increased its holdings in Dollar General by 251.6% during the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after buying an additional 1,456,549 shares during the last quarter. Finally, Two Sigma Advisers LP raised its position in Dollar General by 398.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company’s stock worth $133,200,000 after acquiring an additional 1,404,200 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.