Emily C. Taylor, Executive Vice President and Chief Merchandising Officer at Dollar General Corp (NYSE:DG), recently sold a portion of her holdings in the company. The sale comes as the stock trades near its 52-week low of $72.12, having declined about 38% over the past six months. According to InvestingPro analysis, the company's shares currently appear undervalued relative to their Fair Value. According to a filing with the Securities and Exchange Commission, Taylor sold 4,740 shares of common stock on December 13, 2024. The shares were sold at an average price of $77.4391, with the transactions taking place within a price range of $77.285 to $77.62. The total value of the shares sold amounted to $367,061. Following this transaction, Taylor retains ownership of 15,575 shares of Dollar General, a company currently valued at $16.56 billion. InvestingPro subscribers have access to additional insights, including 8 more ProTips and a comprehensive Pro Research Report analyzing the company's financial health and future prospects.
In other recent news, Dollar General has seen a flurry of analyst activity following its third-quarter results. BMO Capital Markets has raised the stock's price target from $80.00 to $84.00, maintaining a Market Perform rating. Meanwhile, BofA Securities upgraded Dollar General from Underperform to Buy, setting a new price target at $95.00. This upgrade was based on positive indicators from the company's "Back-to-Basics" strategy.
Truist Securities lowered the company's price target to $83 from $94, maintaining a Hold rating. This adjustment came after the company's earnings results met revised forecasts, despite facing economic and competitive challenges. Telsey Advisory Group also adjusted its stance, reducing the 12-month price target from $90 to $88, while maintaining a Market Perform rating.
These recent developments reflect Dollar General's strategic shift from store expansion to store optimization. The company's third-quarter results aligned with expectations, and it revealed plans to slow the opening of new stores in 2025, focusing instead on enhancing the remodeling of existing locations. This approach is anticipated to provide some support for comparable store sales. With current diluted EPS at $6.06 and revenue of $40.2 billion over the last twelve months, Dollar General maintains its position as a prominent player in the Consumer Staples sector.
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