Dollar General Corp. (NYSE: DG) has seen a decline in its stock price by -3.09 in relation to its previous close of 87.32. However, the company has experienced a -1.64% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-09-30 that LOS ANGELES, CA / ACCESSWIRE / September 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Dollar General Corporation (“Dollar General” or “the Company”) (NYSE:DG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Is It Worth Investing in Dollar General Corp. (NYSE: DG) Right Now?
Dollar General Corp. (NYSE: DG) has a price-to-earnings ratio of 13.15x that is above its average ratio. Additionally, the 36-month beta value for DG is 0.44. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 6 rating it as “overweight,” 14 rating it as “hold,” and 0 rating it as “sell.”
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The public float for DG is 219.24M and currently, short sellers hold a 3.30% ratio of that float. The average trading volume of DG on September 30, 2024 was 4.18M shares.
DG’s Market Performance
The stock of Dollar General Corp. (DG) has seen a -1.64% decrease in the past week, with a 0.71% rise in the past month, and a -35.19% fall in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 3.55% for DG. The simple moving average for the last 20 days is 0.64% for DG stock, with a simple moving average of -35.16% for the last 200 days.
Analysts’ Opinion of DG
Many brokerage firms have already submitted their reports for DG stocks, with Citigroup repeating the rating for DG by listing it as a “Sell.” The predicted price for DG in the upcoming period, according to Citigroup is $73 based on the research report published on September 27, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see DG reach a price target of $103, previously predicting the price at $168. The rating they have provided for DG stocks is “Market Perform” according to the report published on August 30th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to DG, setting the target price at $100 in the report published on August 30th of the current year.
DG Trading at -19.66% from the 50-Day Moving Average
After a stumble in the market that brought DG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.65% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +1.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.02% lower at present.
During the last 5 trading sessions, DG fell by -1.86%, which changed the moving average for the period of 200-days by -31.92% in comparison to the 20-day moving average, which settled at $84.16. In addition, Dollar General Corp. saw -37.75% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DG starting from Deckard Steven R, who sale 2,010 shares at the price of $86.66 back on Sep 18 ’24. After this action, Deckard Steven R now owns 2,887 shares of Dollar General Corp., valued at $174,195 using the latest closing price.
STEVEN DECKARD, the Officer of Dollar General Corp., proposed sale 2,010 shares at $86.66 during a trade that took place back on Sep 18 ’24, which means that STEVEN DECKARD is holding shares at $174,195 based on the most recent closing price.
Stock Fundamentals for DG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.28 for the gross margin
The net margin for Dollar General Corp. stands at 0.04. The total capital return value is set at 0.09. Equity return is now at value 20.88, with 4.55 for asset returns.
Based on Dollar General Corp. (DG), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is 7.03.
Currently, EBITDA for the company is 3.3 billion with net debt to EBITDA at 5.63. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 645.21for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
In conclusion, Dollar General Corp. (DG) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
