Dollar General Corp. (DG): A Great Stock For Handling Current Market Conditions?

Currently, there are 219.10M common shares owned by the public and among those 218.80M shares have been available to trade.

Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 35 of these insider trades were purchases, accounting for 197,984 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 83,255 shares.

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The company’s stock has a 5-day price change of 6.31% and 15.81% over the past three months. DG shares are trading 9.79% year to date (YTD), with the 12-month market performance down to -30.18% lower. It has a 12-month low price of $101.09 and touched a high of $222.99 over the same period. DG has an average intraday trading volume of 2.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.12%, 10.24%, and 4.48% respectively.

Institutional ownership of Dollar General Corp. (NYSE: DG) shares accounts for 93.36% of the company’s 219.10M shares outstanding.

It has a market capitalization of $32.76B and a beta (3y monthly) value of 0.41. The stock’s trailing 12-month PE ratio is 17.19, while the earnings-per-share (ttm) stands at $8.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.89% over the week and 2.37% over the month.

Analysts forecast that Dollar General Corp. (DG) will achieve an EPS of $1.74 for the current quarter, $1.89 for the next quarter and $7.52 for 2025. The lowest estimate earnings-per-share for the quarter is $1.55 while analysts give the company a high EPS estimate of $1.99. Comparatively, EPS for the current quarter was $2.96 a year ago. Earnings per share for the fiscal year are expected to decrease by -30.28%, and -0.61% over the next financial year. EPS should shrink at an annualized rate of -5.65% over the next five years, compared to 13.65% over the past 5-year period.

Looking at the support for the DG, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on January 16, 2024, with the firm’s price target at $130-$160. Barclays coverage for the Dollar General Corp. (DG) stock in a research note released on January 04, 2024 offered a Overweight rating with a price target of $154. Gordon Haskett on their part issued Buy rating on October 13, 2023.

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