Dollar General (NYSE:DG – Get Rating) will be issuing its quarterly earnings data before the market opens on Thursday, June 1st. Analysts expect the company to announce earnings of $2.38 per share for the quarter. Dollar General has set its FY 2023 guidance at $11.11-$11.32 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.
Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.02. Dollar General had a return on equity of 40.63% and a net margin of 6.38%. The company had revenue of $10.20 billion during the quarter, compared to analysts’ expectations of $10.24 billion. During the same period last year, the business posted $2.57 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. On average, analysts expect Dollar General to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Dollar General Stock Performance
Shares of DG opened at $208.85 on Thursday. Dollar General has a one year low of $193.56 and a one year high of $261.59. The stock has a market cap of $45.76 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.79 and a beta of 0.33. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.14 and a current ratio of 1.29. The stock has a 50-day moving average of $214.51 and a two-hundred day moving average of $229.53.
Dollar General Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 25th. Investors of record on Tuesday, April 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, April 10th. This is a positive change from Dollar General’s previous quarterly dividend of $0.55. Dollar General’s dividend payout ratio (DPR) is currently 22.10%.
Insider Transactions at Dollar General
In related news, Director Timothy I. Mcguire purchased 3,550 shares of the company’s stock in a transaction dated Friday, March 24th. The shares were acquired at an average cost of $202.00 per share, for a total transaction of $717,100.00. Following the transaction, the director now owns 11,104 shares of the company’s stock, valued at $2,243,008. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.
Institutional Investors Weigh In On Dollar General
Institutional investors and hedge funds have recently bought and sold shares of the business. First Manhattan Co. lifted its position in shares of Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Financial Freedom LLC acquired a new position in Dollar General during the fourth quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Dollar General during the first quarter valued at approximately $28,000. Atlas Capital Advisors LLC acquired a new position in Dollar General during the second quarter valued at approximately $32,000. Finally, Covestor Ltd grew its holdings in Dollar General by 156.4% during the first quarter. Covestor Ltd now owns 418 shares of the company’s stock valued at $93,000 after purchasing an additional 255 shares during the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
DG has been the topic of several analyst reports. Barclays began coverage on Dollar General in a report on Tuesday, February 7th. They set an “equal weight” rating and a $237.00 price target on the stock. Citigroup decreased their price objective on Dollar General from $240.00 to $230.00 in a report on Monday, March 20th. Morgan Stanley lowered their target price on shares of Dollar General from $255.00 to $235.00 and set an “overweight” rating for the company in a research note on Friday, February 24th. Piper Sandler lowered their price target on Dollar General from $288.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, February 28th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Dollar General in a research report on Friday, March 17th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.82.
About Dollar General
Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.