The Vanguard Group, Inc. recently announced the acquisition of new stake in Dollar General Corporation (NYSE:DG). The institutional investor has increased its shareholding in the Consumer Defensive company by 1.48% to 17.4 million shares with purchase of 0.25 million shares. This fresh investment now brings its stake to 7.94% valued currently at $3.85 billion. In addition, T. Rowe Price Associates, Inc. raised its holdings by 0.19 million to 13.74 million shares. And Capital Research & Management Co has lifted its position by 2.77% or 0.25 million shares – to 9.35 million shares.
With over 1.67 million Dollar General Corporation (DG) shares trading Tuesday and a closing price of $208.18 on the day, the dollar volume was approximately $347.43 million. The shares have shown a negative half year performance of -19.22% and its price on 05/23/23 lost nearly -1.74%. Currently, there are 221.29M common shares owned by the public and among those 217.95M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 28 analysts who have offered their price forecasts for DG have a consensus price objective of $239.32. The analysts have set the share’s price value over the next 12 months at a high of $285.00 and a low of $187.00. The average price target is 13.83% above its recent price level and a downside to the estimated low will see the stock lose -11.33% over that period. But an upside of 26.95% will see the stock hit the forecast high price target while median target price for the stock is $242.00.
Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 408,224 shares. Insider sales of the common stock occurred on 42 occasions, with total insider shares sold totaling 487,589 shares.
The top 3 mutual fund holders in Dollar General Corporation are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and American Funds Growth Fund of Ame. Vanguard Total Stock Market ETF owns 6.92 million shares of the company’s stock, all valued at over $1.53 billion. The company sold 19855.0 shares recently to bring their total holdings to about 3.16% of the shares outstanding. Vanguard 500 Index Fund sold 20692.0 shares to see its total holdings shrink to 5.22 million shares valued at over $1.16 billion and representing 2.38% of the shares outstanding. American Funds Growth Fund of Ame sold -0.65 million shares to bring its total holdings to over 2.95 million shares at a value of $653.41 million. American Funds Growth Fund of Ame now owns shares totaling to 1.35% of the shares outstanding.
Shares of Dollar General Corporation (NYSE: DG) opened at $210.01, down -$1.86 from a prior closing price of $211.87. The company’s stock has a 5-day price change of -3.15% and -7.59% over the past three months. DG shares are trading -15.46% year to date (YTD), with the 12-month market performance up to 10.97% higher. It has a 12-month low price of $187.60 and touched a high of $261.59 over the same period. DG has an average intraday trading volume of 1.85 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.58%, -3.14%, and -11.27% respectively.
Institutional ownership of Dollar General Corporation (NYSE: DG) shares accounts for 94.10% of the company’s 221.29M shares outstanding. Mutual fund holders own 52.87%, while other institutional holders and individual stakeholders account for 7.95% and 41.76% respectively.
It has a market capitalization of $46.20B and a beta (3y monthly) value of 0.34. The stock’s trailing 12-month PE ratio is 19.49, while the earnings-per-share (ttm) stands at $10.68. The company has a PEG of 2.24 and a Quick Ratio of 0.10 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.63% over the week and 1.46% over the month.
Analysts forecast that Dollar General Corporation (DG) will achieve an EPS of $2.39 for the current quarter, $3.06 for the next quarter and $12.49 for 2025. The lowest estimate earnings-per-share for the quarter is $2.24 while analysts give the company a high EPS estimate of $2.53. Comparatively, EPS for the current quarter was $2.41 a year ago. Earnings per share for the fiscal year are expected to increase by 4.90%, and 11.67% over the next financial year. EPS should shrink at an annualized rate of 8.71% over the next five years, compared to 18.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate Dollar General Corporation (DG) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 16 Wall Street analysts polled rate the stock as a buy, while 7 of the 28 advise that investors “hold,” and 1 rated it as a “Sell.”
