Dollar General’s (DG) Market Perform Rating Reaffirmed at Telsey Advisory Group

Dollar General (NYSE:DG)‘s stock had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They presently have a $120.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential upside of 6.75% from the company’s current price.

A number of other research firms have also recently weighed in on DG. Oppenheimer raised Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Wednesday, June 4th. Barclays lifted their price objective on Dollar General from $100.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Evercore ISI lifted their price objective on Dollar General from $118.00 to $120.00 and gave the company an “in-line” rating in a research report on Tuesday, August 12th. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a research report on Friday, May 23rd. Finally, Bank of America lifted their price objective on Dollar General from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dollar General has an average rating of “Hold” and an average target price of $108.80.

Dollar General Trading Down 0.1%

Shares of NYSE:DG opened at $112.41 on Thursday. The stock has a market capitalization of $24.74 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.75 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The stock’s 50-day simple moving average is $112.18 and its two-hundred day simple moving average is $96.80. Dollar General has a 52-week low of $66.43 and a 52-week high of $125.42.

Dollar General (NYSE:DG) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.65 earnings per share. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. Analysts expect that Dollar General will post 5.75 EPS for the current year.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the sale, the executive vice president owned 46,563 shares of the company’s stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred 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 sale, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Institutional Trading of Dollar General

A number of large investors have recently added to or reduced their stakes in the company. TT Capital Management LLC increased its stake in Dollar General by 14.8% in the 2nd quarter. TT Capital Management LLC now owns 3,101 shares of the company’s stock worth $355,000 after acquiring an additional 400 shares during the last quarter. Monarch Capital Management Inc. increased its stake in Dollar General by 4.2% in the 2nd quarter. Monarch Capital Management Inc. now owns 16,461 shares of the company’s stock worth $1,883,000 after acquiring an additional 668 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Dollar General in the 2nd quarter worth approximately $378,000. State of Wyoming bought a new stake in Dollar General in the 2nd quarter worth approximately $291,000. Finally, Hohimer Wealth Management LLC increased its stake in Dollar General by 1.1% in the 2nd quarter. Hohimer Wealth Management LLC now owns 29,643 shares of the company’s stock worth $3,391,000 after acquiring an additional 335 shares during the last quarter. 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.