Dollar General (NYSE:DG) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Dollar General (NYSE:DG) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm presently has a $170.00 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 19.06% from the company’s previous close.

A number of other analysts have also recently commented on DG. Gordon Haskett lifted their target price on shares of Dollar General from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Wells Fargo & Company lifted their price objective on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Truist Financial boosted their price objective on shares of Dollar General from $120.00 to $129.00 and gave the company a “hold” rating in a report on Friday, December 5th. Piper Sandler upped their target price on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, BNP Paribas Exane lifted their price target on Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dollar General has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Dollar General Price Performance

NYSE DG opened at $142.79 on Thursday. The firm’s fifty day simple moving average is $120.59 and its two-hundred day simple moving average is $112.31. Dollar General has a 12-month low of $66.43 and a 12-month high of $146.19. The firm has a market capitalization of $31.43 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.62 and a beta of 0.26. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The company had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue 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. Analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Activity

In related news, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares in the company, valued at approximately $3,888,666.88. This trade represents a 7.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,673 shares of company stock valued at $7,713,389 over the last 90 days. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Dollar General

A number of large investors have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dollar General during the second quarter worth about $25,000. Caldwell Trust Co acquired a new position in shares of Dollar General during the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar General in the second quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in shares of Dollar General in the third quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. acquired a new stake in shares of Dollar General in the third quarter worth approximately $35,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.