Dollar General Corporation (DG) Monthly Report
Publication Date: September 22, 2024
Company Overview
Dollar General Corporation (DG) is a prominent discount retailer headquartered in Goodlettsville, Tennessee. Established in 1939, Dollar General primarily serves cost-conscious consumers across the southern, southwestern, midwestern, and eastern regions of the United States. Operating within the Consumer Defensive sector and specifically under the Discount Stores industry, the company offers an extensive assortment of merchandise, including consumables, health and beauty products, apparel, and household items. This diverse range caters to the everyday needs of budget-minded shoppers, reinforcing Dollar General’s critical role in the competitive retail landscape.
Market Analysis and Financial Performance
As of the latest financial reports, the discount retail sector—an essential component of the consumer defensive industry—commands a stable recommendation of “hold” for investors, showcasing a total revenue of approximately $39.68 billion. While analysts have set a target high price for Dollar General at $150.00, indicating potential growth, the cautious hold recommendation urges close market monitoring before making substantial investment decisions.
Dollar General has 219,915,008 shares outstanding, with 8,216,670 (approximately 4.23%) sold short, revealing a sentiment that is neither overly bullish nor bearish among investors. The stock’s current price is $86.01, which is significantly lower than its fifty-two-week high of $168.07, suggesting volatility and challenges in investor confidence. The fifty-day moving average is set at $109.40, highlighting the downward deviation in stock performance and possible bearish sentiment in the market.
Investment Outlook
Dollar General’s stock presents a compelling landscape for potential investors, with target prices indicating significant upward potential. The average recommendation score stands at 2.6—reflecting diverse opinions from 25 analysts, varying from buy to hold signals. Although the mean target price is positioned at $103.61, with a median price of $100.00, these projections underscore a generally optimistic outlook amidst a careful watch on market developments. Despite the absence of EBITDA figures limiting insights into operational profitability, the company’s strong revenue-generating capability underscores confidence in its long-term price appreciation potential.
| Metric | Value |
|---|---|
| Market Cap | $18.9b |
| Total Debt | $18.2b |
| Total Cash | $1.2b |
| Shares Outstanding | 219.9m |
| Float Shares | 218.4m |
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