Dollar General (NYSE:DG) Upgraded by Deutsche Bank Aktiengesellschaft to Buy Rating

Dollar General (NYSE:DG) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday,Finviz reports. The firm currently has a $170.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 18.53% from the company’s previous close.

A number of other equities research analysts have also issued reports on DG. Morgan Stanley increased their price target on Dollar General from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group increased their target price on Dollar General from $130.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Citigroup boosted their price target on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, Wall Street Zen upgraded Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.62.

Dollar General Trading Down 0.9%

Dollar General stock opened at $143.42 on Thursday. Dollar General has a 12-month low of $66.43 and a 12-month high of $146.19. The firm has a market capitalization of $31.57 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.63 and a beta of 0.26. The firm has a 50 day moving average of $118.82 and a 200 day moving average of $111.90. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The business 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 company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, research analysts predict that Dollar General will post 5.75 earnings per share for the current year.

Insider Activity

In other Dollar General news, EVP Tracey N. Herrmann sold 12,583 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the completion of the transaction, the executive vice president owned 30,948 shares in the company, valued at $3,870,666.36. This trade represents a 28.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anita C. Elliott sold 2,516 shares of Dollar General stock in a transaction on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Caldwell Trust Co bought a new stake in Dollar General during the second quarter worth approximately $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Dollar General in the 2nd quarter worth approximately $26,000. Root Financial Partners LLC bought a new position in shares of Dollar General during the 3rd quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. purchased a new stake in Dollar General during the 3rd quarter valued at $35,000. Institutional investors own 91.77% of the company’s stock.

About Dollar General

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.