Wall Street analysts expect that Dollar General Corp. (NYSE:DG) will post $6.38 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Dollar General’s earnings. The lowest sales estimate is $6.35 billion and the highest is $6.48 billion. Dollar General posted sales of $5.83 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The company is scheduled to report its next quarterly earnings report on Thursday, August 30th.
On average, analysts expect that Dollar General will report full-year sales of $25.45 billion for the current year, with estimates ranging from $25.37 billion to $25.64 billion. For the next year, analysts forecast that the firm will report sales of $27.05 billion per share, with estimates ranging from $24.43 billion to $27.55 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Dollar General.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 31st. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). Dollar General had a return on equity of 22.40% and a net margin of 6.77%. The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. Dollar General’s revenue for the quarter was up 9.0% compared to the same quarter last year.
A number of equities analysts have recently issued reports on the company. ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. Credit Suisse Group started coverage on Dollar General in a research note on Tuesday, April 17th. They issued a “neutral” rating and a $103.00 target price for the company. Raymond James raised Dollar General from an “outperform” rating to a “strong-buy” rating in a research note on Friday. JPMorgan Chase & Co. raised Dollar General from a “neutral” rating to an “overweight” rating and set a $70.00 target price for the company in a research note on Tuesday, April 17th. Finally, Morgan Stanley set a $122.00 target price on Dollar General and gave the company a “buy” rating in a research note on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $96.45.
In other Dollar General news, SVP Anita C. Elliott sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $100.87, for a total transaction of $302,610.00. Following the completion of the transaction, the senior vice president now owns 11,313 shares of the company’s stock, valued at approximately $1,141,142.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy I. Mcguire purchased 2,275 shares of the stock in a transaction on Friday, June 1st. The shares were acquired at an average cost of $88.06 per share, with a total value of $200,336.50. Following the transaction, the director now directly owns 3,834 shares in the company, valued at $337,622.04. The disclosure for this purchase can be found here. Insiders have sold a total of 22,987 shares of company stock valued at $2,242,255 in the last ninety days. 0.41% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in DG. Arizona State Retirement System raised its position in shares of Dollar General by 2.2% in the 4th quarter. Arizona State Retirement System now owns 66,004 shares of the company’s stock worth $6,139,000 after acquiring an additional 1,404 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Dollar General by 958.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,038 shares of the company’s stock worth $282,000 after acquiring an additional 2,751 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Dollar General in the 4th quarter worth approximately $763,000. Wedbush Securities Inc. bought a new position in shares of Dollar General in the 4th quarter worth approximately $237,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Dollar General in the 4th quarter worth approximately $28,182,000. 91.23% of the stock is owned by hedge funds and other institutional investors.
Dollar General opened at $100.15 on Friday, according to Marketbeat Ratings. Dollar General has a 12-month low of $68.69 and a 12-month high of $105.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.65 and a quick ratio of 0.23. The stock has a market capitalization of $26.22 billion, a PE ratio of 22.31, a PEG ratio of 1.09 and a beta of 0.98.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 24th. Shareholders of record on Tuesday, July 10th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Monday, July 9th. Dollar General’s payout ratio is 25.84%.
Dollar General declared that its board has approved a share repurchase plan on Thursday, March 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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