Dollar General Corp. (DG): Not A Time To Panic Nor Freeze

Dollar General Corp. (DG) concluded trading on Wednesday at a closing price of $124.36, with 3.4 million shares of worth about $422.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.77% during that period and on July 17, 2024 the price saw a loss of about -2.45%. Currently the company’s common shares owned by public are about 219.66M shares, out of which, 219.22M shares are available for trading.

Stock saw a price change of -2.46% in past 5 days and over the past one month there was a price change of -1.14%. Year-to-date (YTD), DG shares are showing a performance of -8.53% which decreased to -22.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $101.09 but also hit the highest price of $173.47 during that period. The average intraday trading volume for Dollar General Corp. shares is 2.48 million. The stock is currently trading -3.54% below its 20-day simple moving average (SMA20), while that difference is down -6.72% for SMA50 and it goes to -6.99% lower than SMA200.

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Dollar General Corp. (NYSE: DG) currently have 219.66M outstanding shares and institutions hold larger chunk of about 95.61% of that.

The stock has a current market capitalization of $27.35B and its 3Y-monthly beta is at 0.42. PE ratio of stock for trailing 12 months is 18.11, while it has posted earnings per share of $6.87 in the same period. It has Quick Ratio of 0.18 while making debt-to-equity ratio of 2.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DG, volatility over the week remained 3.27% while standing at 2.55% over the month.

Stock’s fiscal year EPS is expected to drop by -4.67% while it is estimated to increase by 13.75% in next year. EPS is likely to shrink at an annualized rate of -1.50% for next 5-years, compared to annual growth of 4.82% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on May 31, 2024 offering an Outperform rating for the stock and assigned a target price range of between $170 and $168 to it. Coverage by Telsey Advisory Group stated Dollar General Corp. (DG) stock as an Outperform in their note to investors on March 15, 2024, suggesting a price target of $170 for the stock. On March 12, 2024, JP Morgan Upgrade their recommendations, while on March 11, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $155. Stock get an Overweight rating from Morgan Stanley on January 16, 2024.

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