Dollar General (NYSE:DG – Get Rating) is set to issue its quarterly earnings data before the market opens on Thursday, May 26th. Analysts expect the company to announce earnings of $2.33 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Dollar General (NYSE:DG – Get Rating) last announced its earnings results on Thursday, March 17th. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.01. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The company had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same period in the prior year, the company posted $2.62 EPS. Dollar General’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts expect Dollar General to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.
DG stock opened at $202.26 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.12 and a debt-to-equity ratio of 0.67. The firm has a 50 day simple moving average of $233.39 and a 200-day simple moving average of $222.43. The company has a market capitalization of $46.27 billion, a P/E ratio of 19.91, a PEG ratio of 1.76 and a beta of 0.52. Dollar General has a twelve month low of $185.15 and a twelve month high of $262.20.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 19th. Investors of record on Tuesday, April 5th were issued a $0.55 dividend. The ex-dividend date was Monday, April 4th. This is a boost from Dollar General’s previous quarterly dividend of $0.42. This represents a $2.20 annualized dividend and a yield of 1.09%. Dollar General’s dividend payout ratio is currently 21.65%.
In other news, EVP Emily C. Taylor sold 10,016 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anita C. Elliott sold 7,502 shares of Dollar General stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $235.70, for a total transaction of $1,768,221.40. Following the sale, the chief accounting officer now owns 16,279 shares in the company, valued at $3,836,960.30. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DG. Zullo Investment Group Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $40,000. Covestor Ltd boosted its stake in Dollar General by 156.4% during the 1st quarter. Covestor Ltd now owns 418 shares of the company’s stock valued at $93,000 after purchasing an additional 255 shares in the last quarter. Salem Investment Counselors Inc. boosted its stake in Dollar General by 94.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 495 shares of the company’s stock valued at $117,000 after purchasing an additional 240 shares in the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Dollar General during the 1st quarter valued at $212,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Dollar General by 6.8% in the 4th quarter. EP Wealth Advisors LLC now owns 1,020 shares of the company’s stock worth $240,000 after buying an additional 65 shares in the last quarter. 94.86% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of Dollar General in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler lowered their price objective on Dollar General from $270.00 to $265.00 and set an “overweight” rating for the company in a report on Friday, March 18th. Deutsche Bank Aktiengesellschaft increased their target price on Dollar General from $230.00 to $242.00 and gave the stock a “buy” rating in a report on Friday, March 18th. Telsey Advisory Group raised their price objective on Dollar General from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, March 18th. Finally, BMO Capital Markets lifted their price objective on shares of Dollar General from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, March 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Dollar General presently has an average rating of “Buy” and a consensus price target of $245.93.
Dollar General Company Profile (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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