What are the chances of Dollar General Corp. (DG) Stock turning the corner? – BOVNews (2024)

• Peggy Goldman
• August 1, 2024
• Finance

Telsey Advisory Group lowered the price target for the Dollar General Corp. (NYSE:DG) stock to “an Outperform”. The rating was released on May 31, 2024, according to finviz. The research report from JP Morgan has upgraded the stock from Underweight to Neutral, with a price target set at $158. The stock was reiterated by Telsey Advisory Group, who disclosed in a research note on March 11, 2024, to Market Perform and set the price objective to $155. In their research brief published January 16, 2024, Morgan Stanley analysts upgraded the Dollar General Corp. stock from Equal-Weight to Overweight with a price target of $160.

The latest trade, Performances and Moving Averages give us the following Picture

The firm’s stock price fluctuated 2.85% within the last five trades and -7.80% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -8.74% in the last 6 months and -13.51% was subtracted to its value over the previous 3 months. DG stock is trading at a margin of -3.32%, -6.97% and -10.47% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

Sponsored

As of the close of trading, DG deals in the Consumer Defensive domain. The stock is trading -29.90 percent below its 52-week high and 19.09 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -26.02. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Dollar General Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 5.73 percent and the profit margin is 3.85 percent, and the company has reported a gross margin of 27.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $26.47 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Dollar General Corp. (NYSE:DG) is 17.53. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.69. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.67 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.78, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of Dollar General Corp. shares are owned by insiders, and 104.26 percent are held by financial institutions. Santana Ralph, the Director at Dollar General Corp. (DG) has sold 3,009 shares of firm on Apr 11 ’24 at a price of $155.72 against the total amount of $0.47 million. In another inside trade, Wenkoff Carman R, EVP & Chief Information Ofc of Dollar General Corp. (NYSE:DG) sold 5,909 shares of the firm on Apr 04 ’24 for a total worth of $0.96 million at a price of $162.23. An inside trade which took place on Dec 15 ’23, Director of Dollar General Corp. BRYANT WARREN F bought 850 shares of firm against total price of $0.11 million at the cost of $130.18 per share.

• TagsDG, DG stock, Dollar General Corp., NYSE:DG

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