Dollar General Corporation (NYSE:DG) finished Wednesday with an addition of $1.78 to close at $167.05, an upside of 1.08 percent. An average of 1,498,100 shares of common stock have been traded in the last five days. There was a fall of -$0.83 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,021,365 shares traded, while the 50-day average volume stands at 3,508,328.
DG stock has decreased by -1.67% in the last month. The company shares reached their 1-month lowest point of $160.94 on 07/17/23. With the stock rallying to its 52-week high on 01/06/23, shares of the company touched a low of $151.27 and a high of $261.59 in 52 weeks. It has reached a new high 2 times so far this year and lost -32.16% or -$79.20 in price. In spite of this, the price is down -36.14% from the 52-week high.
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Insider Transactions
DG stock investors should be aware that Dollar General Corporation (DG) stock had its last reported insider trading activity 65 days ago on Jun 08. In this transaction, the insider spent $4,280,887. Director, BRYANT WARREN F, disposed of 1,951 shares at a price of $243.93 on Jan 04. The insider now owns more than $475,913 worth of shares. Prior to that, EVP & Chief Information Ofc Wenkoff Carman R went on to Sale 10,000 shares at $240.49 each on Sep 30. An amount of $2,404,911 was transacted.
Valuation Metrics
Dollar General Corporation (DG) has a trailing price-to-earnings (P/E) ratio of 15.74. The stock’s beta is 0.27. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.96, the price-to-book (PB) ratio at 6.17.
The company has a payout ratio of 15.80%. The company’s most recent quarterly dividend payment was $0.59 a share, without any change from last year. Its latest increase dividend $0.04 reported on Thursday March 16 2023.
Financial Health
The quick ratio of Dollar General Corporation for the recent quarter was 0.10, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.18 and a total debt to equity ratio of 1.23 for the recent quarter. Its gross profit as reported stood at $11.82 billion compared to revenue of $37.84 billion.
Earnings Surprise
For the recent quarter, Dollar General Corporation had $7.03 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $514.38 million in the quarter, while revenues of $659.14 million were shrunk -7.44%. Shareholders own equity worth $219.34 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Dollar General Corporation (DG) price momentum. RSI 9-day as of the close on 09 August was 48.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.75%.
As of today, DG’s price is $167.18 -0.49% or -$0.83 from its 5-day moving average. DG is currently trading -0.93% lower than its 20-day SMA and -21.24% lower than its 100-day SMA. However, the stock’s current price level is -18.55% below the SMA50 and -29.58% below the SMA200.
The stochastic %K and %D were 32.01% and 40.04%, respectively, and the average true range (ATR) was 3.11. With the 14-day stochastic at 38.03% and the average true range at 3.32, the RSI (14) stands at 47.03%. The stock has reached -1.54 on the 9-day MACD Oscillator while the 14-day reading was at -1.00.
Analyst Ratings
Wells Fargo downgraded Dollar General Corporation (NYSE: DG) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Dollar General Corporation (DG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DG, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 15 others rate it as a “buy”.
What is DG’s price target for the next 12 months?
Analysts predict a range of price targets between $155.00 and $230.00, with a median target of $185.00. Taking a look at these predictions, the average price target given by analysts for Dollar General Corporation (DG) stock is $186.40.
