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 report issued to clients and investors on Thursday,Finviz reports. The brokerage presently has a $170.00 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 18.53% from the stock’s current price.

A number of other equities research analysts have also recently commented on DG. Telsey Advisory Group reissued a “market perform” rating and issued a $130.00 target price (up from $123.00) on shares of Dollar General in a research note on Thursday, December 4th. Evercore ISI upped their price target on shares of Dollar General from $130.00 to $135.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 23rd. Sanford C. Bernstein raised their price objective on shares of Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company lifted their target price on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, December 19th. Finally, Morgan Stanley increased their price target on shares of Dollar General from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.62.

Dollar General Trading Down 0.9%

NYSE:DG opened at $143.42 on Thursday. The firm has a market capitalization of $31.57 billion, a P/E ratio of 24.77, a PEG ratio of 2.63 and a beta of 0.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. Dollar General has a one year low of $66.43 and a one year high of $146.19. The company’s 50-day simple moving average is $118.82 and its 200 day simple moving average is $111.90.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, analysts forecast that Dollar General will post 5.75 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Carman R. Wenkoff sold 19,166 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the transaction, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. This trade represents a 30.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction on Friday, December 19th. The stock was sold at an average price of $135.32, for a total value of $1,322,888.32. Following the completion of the sale, the executive vice president directly owned 22,295 shares of the company’s stock, valued at $3,016,959.40. The trade was a 30.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,673 shares of company stock valued at $7,713,389 in the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Dollar General by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,896,503 shares of the company’s stock worth $2,779,754,000 after purchasing an additional 78,854 shares during the period. State Street Corp increased its holdings in Dollar General by 9.1% during the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after buying an additional 913,373 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Dollar General by 3.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock worth $290,599,000 after acquiring an additional 96,825 shares during the period. Invesco Ltd. boosted its stake in shares of Dollar General by 7.4% during the 3rd quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock worth $281,657,000 after acquiring an additional 188,949 shares during the last quarter. Finally, Baupost Group LLC MA grew its position in shares of Dollar General by 26.7% during the 2nd quarter. Baupost Group LLC MA now owns 2,666,876 shares of the company’s stock valued at $305,037,000 after acquiring an additional 562,000 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Company Profile

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.