Dollar General (NYSE:DG) Given Market Perform Rating at Telsey Advisory Group

Key Points

• Dollar General's stock has been reaffirmed with a "market perform" rating by Telsey Advisory Group, with a target price of $120.00, indicating a potential upside of 7.87%.
• The company reported a quarterly earnings per share (EPS) of $1.86, surpassing analysts' estimates and reflecting a 5.1% increase in revenue year-over-year.
• A significant portion of the stock, 91.77%, is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

Dollar General (NYSE:DG - Get Free Report)'s stock had its "market perform" rating reaffirmed by research analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $120.00 target price on the stock. Telsey Advisory Group's price target would indicate a potential upside of 7.87% from the stock's previous close.

Other analysts also recently issued reports about the company. Cfra Research upgraded Dollar General to a "hold" rating in a report on Tuesday, June 3rd. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Truist Financial raised their target price on shares of Dollar General from $112.00 to $119.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. The Goldman Sachs Group lowered Dollar General from a "buy" rating to a "neutral" rating and increased their target price for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. Finally, Barclays raised their price target on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $108.80.

Dollar General Price Performance

Shares of DG opened at $111.25 on Thursday. 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 company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.31. Dollar General has a fifty-two week low of $66.43 and a fifty-two week high of $125.42. The firm has a 50-day simple moving average of $112.08 and a 200-day simple moving average of $97.60.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm earned $1.70 earnings per share. The firm's revenue 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 research analysts anticipate that Dollar General will post 5.75 earnings per share for the current year.

Insider Activity at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company's 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 completion of the transaction, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dollar General

Several institutional investors and hedge funds have recently modified their holdings of DG. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General in the second quarter valued at about $25,000. Atlantic Union Bankshares Corp bought a new position in Dollar General in the 2nd quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new position in Dollar General in the 4th quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. lifted its position in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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