The Goldman Sachs Group Downgrades Dollar General (NYSE:DG) to Strong Sell

by · The Cerbat Gem

Dollar General (NYSE:DG – Get Free Report) was downgraded by equities researchers at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

DG has been the topic of a number of other research reports. Loop Capital lowered their target price on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday. Evercore ISI lowered their price objective on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. Gordon Haskett dropped their target price on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Raymond James Financial boosted their price target on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays increased their price objective on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $118.14.

Check Out Our Latest Stock Report on Dollar General

Dollar General Stock Performance

Shares of NYSE:DG traded down $0.00 during trading on Thursday, hitting $104.19. 2,375,055 shares of the stock were exchanged, compared to its average volume of 3,569,086. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General has a 1-year low of $66.43 and a 1-year high of $117.95. The company’s fifty day simple moving average is $102.47 and its 200-day simple moving average is $105.70.

Dollar General (NYSE:DG – Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts expect that Dollar General will post 5.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in shares of Dollar General by 416.4% in the third quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock worth $259,759,000 after acquiring an additional 2,036,573 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Dollar General by 5,440.2% in the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company’s stock valued at $139,155,000 after purchasing an additional 1,554,004 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Dollar General by 116.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after purchasing an additional 1,458,093 shares during the last quarter. Royal Bank of Canada lifted its holdings in Dollar General by 251.6% during the 1st quarter. Royal Bank of Canada now owns 2,035,524 shares of the company’s stock worth $178,983,000 after buying an additional 1,456,549 shares in the last quarter. Finally, Norges Bank bought a new position in Dollar General in the 2nd quarter valued at $154,371,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

About Dollar General

(Get Free Report)

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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