DG

Dollar General Stock Surges – Exploring the Reasons Behind the Rise

Dollar General stock is trading -21.72% below its average target price of $105.49 after marking a 2.7% during today's morning session. Analysts are giving the Large-Cap Department Store company an average rating of hold and target prices ranging from $87.0 to $157.0 per share.

The stock has an average amount of shares sold short at 3.5%, and a short ratio of 2.9. The company's insiders own 0.26% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 95.1% of Dollar General's shares being owned by this investor type.

Institutions Invested in Dollar General

Date Reported Holder Percentage Shares Value
2024-06-30 Capital International Investors 11% 25,215,397 $2,082,287,530
2024-06-30 Vanguard Group Inc 11% 24,935,694 $2,059,189,656
2024-06-30 Price (T.Rowe) Associates Inc 10% 21,719,412 $1,793,589,082
2024-06-30 Blackrock Inc. 8% 17,945,623 $1,481,949,580
2024-06-30 Capital World Investors 5% 11,550,690 $953,856,001
2024-06-30 State Street Corporation 4% 9,198,835 $759,639,811
2024-06-30 Geode Capital Management, LLC 2% 5,060,712 $417,913,606
2024-06-30 Morgan Stanley 2% 3,970,214 $327,860,279
2024-06-30 Longview Partners (Guernsey) LTD 2% 3,569,257 $294,749,249
2024-06-30 Norges Bank Investment Management 1% 2,657,292 $219,439,178

Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Dollar General.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS