BMO Capital Markets lifts Dollar General Corporation [DG] price estimate. Who else is bullish?

Dollar General Corporation [NYSE: DG] traded at a low on 08/25/22, posting a -0.55 loss after which it closed the day’ session at $246.08. The company report on August 25, 2022 that Dollar General Promotes John Garratt to President and Chief Financial Officer.

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Dollar General Corporation (NYSE: DG) announced the promotion of John Garratt to President and Chief Financial Officer effective September 1, 2022.

Garratt, 53, will retain his role as Chief Financial Officer, which includes oversight of the Company’s finance, accounting, strategy and procurement functions. As President, Garratt will add responsibilities for the Company’s strategic initiative relating to healthcare and its international expansion to Mexico. Garratt joined Dollar General in 2014 as senior vice president of finance and strategy and has served as executive vice president and CFO since December 2015.

The results of the trading session contributed to over 3213360 shares changing hands. Over the past one week, the price volatility of Dollar General Corporation stands at 2.48% while the volatility over the past one month is 1.95%.

The market cap for DG stock reached $56.70 billion, with 228.48 million shares outstanding and 226.16 million shares in the current float. Compared to the average trading volume of 1.74M shares, DG reached a trading volume of 3213360 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Dollar General Corporation [DG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DG shares is $257.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Dollar General Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 15, 2022. The new note on the price target was released on July 14, 2022, representing the official price target for Dollar General Corporation stock. Previously, the target price had yet another raise to $258, while Citigroup analysts kept a Neutral rating on DG stock.

The Average True Range (ATR) for Dollar General Corporation is set at 5.18, with the Price to Sales ratio for DG stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 9.43, with the Price to Cash per share for the same quarter was set at 1.46. Price to Free Cash Flow for DG in the course of the last twelve months was 50.60 with Quick ratio for the last quarter at 0.10.

How has DG stock performed recently?

Dollar General Corporation [DG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.49. With this latest performance, DG shares gained by 0.67% in over the last four-week period, additionally plugging by 28.97% over the last 6 months – not to mention a rise of 4.83% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DG stock in for the last two-week period is set at 42.74, with the RSI for the last a single of trading hit 35.03, and the three-weeks RSI is set at 47.41 for Dollar General Corporation [DG]. The present Moving Average for the last 50 days of trading for this stock 247.98, while it was recorded at 248.74 for the last single week of trading, and 228.49 for the last 200 days.

Dollar General Corporation [DG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Dollar General Corporation [DG] shares currently have an operating margin of +9.42 and a Gross Margin at +31.60. Dollar General Corporation’s Net Margin is presently recorded at +7.01.

Return on Equity for this stock inclined to 37.13, with Return on Assets sitting at 8.34.

Dollar General Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 1.00.

Earnings analysis for Dollar General Corporation [DG]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Dollar General Corporation go to 11.07%.

Insider trade positions for Dollar General Corporation [DG]

There are presently around $51,789 million, or 96.10% of DG stock, in the hands of institutional investors. The top three institutional holders of DG stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 18,907,932, which is approximately -2.201% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 18,663,832 shares of the stock with an approximate value of $4.59 billion in DG stocks shares; and VANGUARD GROUP INC, currently with $4.45 billion in DG stock with ownership of nearly -0.35% of the company’s market capitalization.

Positions in Dollar General Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 582 institutional holders increased their position in Dollar General Corporation [NYSE:DG] by around 16,621,434 shares. Additionally, 582 investors decreased positions by around 17,848,687 shares, while 168 investors held positions by with 175,985,279 shares. The mentioned changes placed institutional holdings at 210,455,400 shares, according to the latest SEC report filing. DG stock had 127 new institutional investments in for a total of 2,587,475 shares, while 102 institutional investors sold positions of 3,755,749 shares during the same period.


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