Following the transactions, Calbert's direct ownership of Dollar General (NYSE:) shares was reported to be 120,322 shares. It is worth noting that this total includes restricted stock units acquired through dividend equalization rights. These sales were made through a trust, as described in the filing. With a current P/E ratio of 12.3 and strong free cash flow yield, InvestingPro Analysis indicates that the stock is currently undervalued. For deeper insights into Dollar General's valuation and 8 additional key ProTips, explore Pro Research's comprehensive report, available exclusively to InvestingPro subscribers. With a current P/E ratio of 12.3 and strong free cash flow yield, InvestingPro Analysis indicates that the stock is currently undervalued. For deeper insights into Dollar General's valuation and 8 additional key ProTips, explore Pro Research's comprehensive report, available exclusively to InvestingPro subscribers.
Following these transactions, Calbert's direct ownership of Dollar General shares was reported to be 120,322 shares. It is worth noting that this total includes restricted stock units acquired through dividend equalization rights. These sales were made through a trust, as described in the filing.
In other recent news, Dollar General has been the subject of several analyst revisions. BMO Capital Markets raised its price target on the company's stock to $84, while maintaining a market perform rating. This adjustment follows the company's third-quarter results, which met expectations excluding costs related to hurricane impacts. Dollar General also unveiled a strategy to slow new store openings in 2025, focusing more on redesigning existing locations. On the other hand, Truist Securities lowered their price target on Dollar General to $83 from $94, while maintaining a Hold rating. It was noted that the company's shift from store expansion to store improvement was positive in the long term.
BofA Securities upgraded Dollar General from Underperform to Buy, and set a new price target of $95 based on positive indications from the company's “back to basics” strategy. Telsey Advisory Group lowered its 12-month price target from $90 to $88, while maintaining a market perform rating. The group highlighted Dollar General's ongoing initiatives, such as store redesigns and fresh produce expansion. These recent developments indicate a range of views on Dollar General's financial performance and future prospects, each reflecting the company's strategic initiatives and market position.
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