Dollar General Co. (NYSE:DG – Get Rating) – Analysts at Oppenheimer lifted their Q2 2023 EPS estimates for Dollar General in a research report issued on Thursday, May 26th. Oppenheimer analyst R. Parikh now anticipates that the company will post earnings of $2.72 per share for the quarter, up from their prior estimate of $2.55. Oppenheimer also issued estimates for Dollar General’s Q4 2023 earnings at $3.50 EPS, FY2023 earnings at $11.05 EPS and FY2024 earnings at $11.85 EPS.
Dollar General (NYSE:DG – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.10. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The business had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period last year, the business posted $2.82 EPS. The business’s revenue was up 4.2% compared to the same quarter last year.
Several other analysts also recently weighed in on DG. Deutsche Bank Aktiengesellschaft dropped their price target on Dollar General from $242.00 to $234.00 in a research note on Wednesday, May 25th. StockNews.com downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James reiterated a “buy” rating and set a $260.00 price target on shares of Dollar General in a research note on Friday, March 18th. Truist Financial boosted their price target on Dollar General from $178.00 to $227.00 and gave the company a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company boosted their price target on Dollar General from $220.00 to $255.00 in a research note on Thursday, March 17th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Buy” and a consensus target price of $242.92.
Shares of DG stock opened at $228.38 on Monday. Dollar General has a 1-year low of $183.25 and a 1-year high of $262.20. The stock’s fifty day moving average price is $231.45 and its 200 day moving average price is $221.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.12. The company has a market cap of $52.25 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 1.73 and a beta of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $2.20 annualized dividend and a yield of 0.96%. Dollar General’s dividend payout ratio (DPR) is currently 22.56%.
In other news, CAO Anita C. Elliott sold 7,502 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the completion of the sale, the chief accounting officer now directly owns 16,279 shares in the company, valued at $3,836,960.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 10,016 shares of the stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $220.20, for a total value of $2,205,523.20. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in DG. Norges Bank acquired a new position in Dollar General during the fourth quarter worth $547,860,000. Capital World Investors raised its stake in shares of Dollar General by 14.5% in the third quarter. Capital World Investors now owns 15,746,670 shares of the company’s stock valued at $3,340,499,000 after acquiring an additional 1,990,714 shares in the last quarter. Capital International Investors raised its stake in shares of Dollar General by 20.1% in the first quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock valued at $1,919,292,000 after acquiring an additional 1,442,731 shares in the last quarter. AKO Capital LLP acquired a new stake in shares of Dollar General in the first quarter valued at $191,558,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Dollar General in the first quarter valued at $93,415,000. Institutional investors own 94.86% of the company’s stock.
About Dollar General (Get Rating)
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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