Telsey Advisory Group has reiterated its coverage of Dollar General (NYSE:DG) with a Market Perform recommendation, according to a report by Fintel. The report also includes an analyst price forecast that suggests an 81.87% upside for the stock.
The average one-year price target for Dollar General is reported to be 189.83, with forecasts ranging from a low of 156.55 to a high of $241.50. This represents a significant increase from the latest reported closing price of 104.38.
In addition to the price target, the report also provides insight into the projected annual revenue and non-GAAP EPS for Dollar General. The projected annual revenue is expected to be 41,373MM, an increase of 6.61%, while the projected annual non-GAAP EPS is 12.74.
The report also highlights the fund sentiment for Dollar General, stating that there are 1985 funds or institutions reporting positions in the company. This represents a decrease of 170 owners or 7.89% in the last quarter. The average portfolio weight of all funds dedicated to DG is 0.34%, a decrease of 21.27%. However, the total shares owned by institutions increased by 1.94% in the last three months.
The put/call ratio of DG is reported to be 0.74, indicating a bullish outlook for the stock.
The report also provides information on the actions of other major shareholders. For example, Capital International Investors holds 15,088K shares, representing 6.87% ownership of the company. This represents an increase of 39.28% compared to its prior filing. Similarly, Capital World Investors holds 10,788K shares, representing 4.92% ownership of the company, with an increase of 55.43% compared to its previous filing.
Other major shareholders mentioned in the report include Vanguard Total Stock Market Index Fund Investor Shares and Price T Rowe Associates.
In terms of background information, Dollar General is described as a company that has been delivering value to shoppers for over 80 years. The company offers products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items, at everyday low prices.
Overall, the report from Fintel provides valuable insights into the coverage and performance of Dollar General, as well as the sentiments and actions of major shareholders. It offers a comprehensive view of the company’s current status and potential future growth.