Dollar General Corporation (DG) has risen sharply, recording gains of 1.31% in the past 4 weeks. However, the stock has corrected -1.55% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.27% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.03% and the 50-Day Moving Average is 0.1%. Dollar General Corporation (NYSE:DG): stock turned positive on Friday. Though the stock opened at $92.69, the bulls momentum made the stock top out at $93.11 level for the day. The stock recorded a low of $92.31 and closed the trading day at $92.91, in the green by 0.20%. The total traded volume for the day was 1,628,992. The stock had closed at $92.72 in the previous days trading.
The company Insiders own 0.22% of Dollar General Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.91% . Institutional Investors own 86.13% of Dollar General Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -38.62%. Also, In the latest statement by the brokerage house, Deutsche Bank downgrades its outlook on Dollar General Corporation (NYSE:DG). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm raises the price target from $95 per share to $99 per share. The rating by the firm was issued on August 1, 2016.
Dollar General Corporation is the discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products. Seasonal products include decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. Home products includes kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. Apparel includes casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories. Its merchandise includes national brands and private brands selections. It operates approximately 11,879 stores located in over 43 states.