Reasons why Dollar General Corporation’s (NYSE:DG) fundamentals are futile

In yesterday’s Wall Street session, Dollar General Corporation (NYSE:DG) shares traded at $117.79, down -1.84% from the previous session.

30 analysts cover Dollar General Corporation (NYSE:DG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $210.00 and a low of $128.00, we find $144.50. Given the previous closing price of $120.00, this indicates a potential upside of 20.42 percent. DG stock price is now -25.41% away from the 50-day moving average and -41.71% away from the 200-day moving average. The market capitalization of the company currently stands at $25.14B.

The stock has received a hold rating from 19 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $149.48 as their price target over the next twelve months.

With the price target reduced from $185 to $145, Telsey Advisory Group Downgraded its rating from Outperform to Market Perform for Dollar General Corporation (NYSE: DG).

In other news, CALBERT MICHAEL M, Director bought 6,000 shares of the company’s stock on Jun 08. The stock was bought for $932,638 at an average price of $155.44. Upon completion of the transaction, the Director now directly owns 6,000 shares in the company, valued at $0.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 08, Director CALBERT MICHAEL M bought 2,500 shares of the business’s stock. A total of $388,125 was incurred on buying the stock at an average price of $155.25. This leaves the insider owning 116,682 shares of the company worth $13.74 million. Insiders disposed of 103,708 shares of company stock worth roughly $12.22 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in DG stock. A new stake in Dollar General Corporation shares was purchased by LONGVIEW PARTNERS (GUERNSEY) LTD during the first quarter worth $319,292,000. HOLOCENE ADVISORS, LP invested $140,519,000 in shares of DG during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Dollar General Corporation valued at approximately $138,115,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in DG for approximately $90,713,000. BAUPOST GROUP LLC/MA purchased a new stake in DG valued at around $28,505,000 in the second quarter. In total, there are 1,652 active investors with 94.10% ownership of the company’s stock.

During the past 12 months, Dollar General Corporation has had a low of $119.12 and a high of $261.59. As of last week, the company has a debt-to-equity ratio of 1.16, a current ratio of 1.40, and a quick ratio of 0.10. The fifty day moving average price for DG is $156.87 and a two-hundred day moving average price translates $201.37 for the stock.

The latest earnings results from Dollar General Corporation (NYSE: DG) was released for Aug, 2023. According to the Discount Stores Company, earnings per share came in at $2.13, missing analysts’ expectations of $2.46 by -0.33. This compares to $2.98 EPS in the same period last year. The net profit margin was 5.60% and return on equity was 36.30% for DG. The company reported revenue of $9.8 billion for the quarter, compared to $9.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.93 percent. For the current quarter, analysts expect DG to generate $9.69B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 07/25/2023. Investors who held shares on 07/11/2023 were paid a $0.59 dividend. On an annualized basis, this represents a $2.36 dividend and a 2.00% percent yield. There was an ex-dividend date of 07/10/2023 for this dividend. In terms of dividend payout ratio, DG is presently at 23.30%.

Dollar General Corporation(DG) Company Profile

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. The company’s consumable products also comprise snacks, such as candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, including over-the-counter medicines and personal care products, such as soaps, body washes, shampoos, cosmetics, and dental hygiene and foot care products; pet supplies and pet food; and tobacco products. In addition, it offers seasonal products comprising holiday items, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, and automotive and home office supplies; and home products that include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, and bed and bath soft goods. Further, the company provides apparel, which comprise casual everyday apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.