Dollar General Corp. (NYSE: DG) is 18.59% higher on its value in year-to-date trading and has touched a low of $101.09 and a high of $222.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DG stock was last observed hovering at around $159.33 in the last trading session, with the day’s gains setting it 1.89%.
Currently trading at $161.22, the stock is 11.25% and 16.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.1 million and changing 1.19% at the moment leaves the stock 14.53% off its SMA200. DG registered -25.39% loss for a year compared to 6-month gain of 27.31%. The firm has a 50-day simple moving average (SMA 50) of $1.36 and a 200-day simple moving average (SMA200) of $14.68.
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The stock witnessed a 19.24% loss in the last 1 month and extending the period to 3 months gives it a 26.73%, and is 4.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.85% over the week and 2.43% over the month.
Dollar General Corp. (DG) has around 170000 employees, a market worth around $35.39B and $39.04B in sales. Current P/E ratio is 18.56 and Fwd P/E is 21.74. Profit margin for the company is 4.91%. Distance from 52-week low is 59.48% and -27.70% from its 52-week high. The company has generated returns on investments over the last 12 months (8.55%).
Dollar General Corp. quarterly earnings per share for the current quarter are estimated at $1.75 with sales reaching $9.78B over the same period.The EPS is expected to shrink by -30.15% this year, but quarterly earnings will post 2.10% year-over-year. Quarterly sales are estimated to shrink -4.10% in year-over-year returns.
Dollar General Corp. (DG) Top Institutional Holders
1,462 institutions hold shares in Dollar General Corp. (DG), with institutional investors hold 93.90% of the company’s shares. The shares outstanding are 219.10M, and float is at 218.80M with Short Float at 2.22%. Institutions hold 93.66% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 18.6 million shares valued at $3.16 billion. The investor’s holdings represent 8.47% of the DG Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 18.25 million shares valued at $3.1 billion to account for 8.32% of the shares outstanding. The other top investors are Capital International Investors which holds 15.09 million shares representing 6.87% and valued at over $2.56 billion, while Capital World Investors holds 4.92% of the shares totaling 10.79 million with a market value of $1.83 billion.
Dollar General Corp. (DG) Insider Activity
The most recent transaction is an insider purchase by Wenkoff Carman R,the company’sEVP & Chief Information Ofc. SEC filings show that Wenkoff Carman R bought 2,000 shares of the company’s common stock on Sep 29 ’23 at a price of $106.25 per share for a total of $0.21 million. Following the purchase, the insider now owns 30966.0 shares.
Dollar General Corp. disclosed in a document filed with the SEC on Jun 08 ’23 that CALBERT MICHAEL M (Director) bought a total of 6,000 shares of the company’s common stock. The trade occurred on Jun 08 ’23 and was made at $155.44 per share for $0.93 million. Following the transaction, the insider now directly holds 6000.0 shares of the DG stock.
Still, SEC filings show that on Jun 08 ’23, CALBERT MICHAEL M (Director) acquired 2,500 shares at an average price of $155.25 for $0.39 million. The insider now directly holds 116,682 shares of Dollar General Corp. (DG).
