Dollar General (DG) Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dollar General in the last twelve months. There are currently 12 hold ratings, 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DG shares.
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21 brokers have issued twelve-month target prices for Dollar General's shares. Their DG share price forecasts range from $155.00 to $296.00. On average, they anticipate the company's stock price to reach $206.14 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price.
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Dollar General's stock was trading at $246.25 at the start of the year. Since then, DG shares have decreased by 37.4% and is now trading at $154.18.
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Dollar General saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,930,000 shares, an increase of 5.1% from the April 15th total of 4,690,000 shares. Based on an average daily volume of 1,830,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.3% of the company's shares are sold short.
View Dollar General's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our DG earnings forecast.

Dollar General Co. (NYSE:DG) announced its quarterly earnings results on Thursday, June, 1st. The company reported $2.34 earnings per share for the quarter, missing analysts' consensus estimates of $2.38 by $0.04. The company earned $9.34 billion during the quarter, compared to analyst estimates of $9.47 billion. Dollar General had a net margin of 6.19% and a trailing twelve-month return on equity of 40.03%. Dollar General's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 earnings per share.
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Dollar General declared a quarterly dividend on Tuesday, May 30th. Stockholders of record on Tuesday, July 11th will be paid a dividend of $0.59 per share on Tuesday, July 25th. This represents a $2.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, July 10th.
Read our dividend analysis for DG.

ETFs with the largest weight of Dollar General (NYSE:DG) stock in their portfolio include Natixis Vaughan Nelson Select ETF (VNSE), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), iShares U.S. Consumer Focused ETF (IEDI), Consumer Staples Select Sector SPDR Fund (XLP), VanEck Retail ETF (RTH), Nuveen Dividend Growth ETF (NDVG), T. Rowe Price Dividend Growth ETF (TDVG) and Fidelity Magellan ETF (FMAG).

Dollar General (NYSE:DG) pays an annual dividend of $2.36 per share and currently has a dividend yield of 1.52%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 22.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DG will have a dividend payout ratio of 20.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DG.

Dollar General declared that its Board of Directors has initiated a share repurchase plan on Thursday, December 2nd 2021, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Dollar General issued an update on its FY 2023 earnings guidance on Sunday, June, 4th. The company provided EPS guidance of $9.83-$10.68 for the period, compared to the consensus estimate of $11.14. The company issued revenue guidance of $39.17 billion-$39.74 billion, compared to the consensus revenue estimate of $40.00 billion.

2,238 employees have rated Dollar General Chief Executive Officer Todd Vasos on Glassdoor.com. Todd Vasos has an approval rating of 48% among the company's employees. This puts Todd Vasos in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dollar General investors own include NVIDIA (NVDA), Walmart (WMT), Home Depot (HD), Walt Disney (DIS), Alibaba Group (BABA), Intel (INTC), Visa (V), Salesforce (CRM), Johnson & Johnson (JNJ) and Costco Wholesale (COST).

Dollar General trades on the New York Stock Exchange (NYSE) under the ticker symbol "DG."

Dollar General's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.93%), Price T Rowe Associates Inc. MD (5.15%), State Street Corp (4.46%), FMR LLC (3.51%), Geode Capital Management LLC (1.90%) and Barrow Hanley Mewhinney & Strauss LLC (0.96%). Insiders that own company stock include Anita C Elliott, Antonio Zuazo, Carman R Wenkoff, Emily C Taylor, Jeffery Owen, John W Garratt, Michael J Kindy, Patricia Filikrushel, Rhonda Taylor, Steven G Sunderland, Timothy I Mcguire, Todd J Vasos and Warren F Bryant.
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Shares of DG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DG stock can currently be purchased for approximately $154.18.

Dollar General (NYSE:DG) has a market capitalization of $33.82 billion and generates $37.84 billion in revenue each year. The company earns $2.42 billion in net income (profit) each year or $10.61 on an earnings per share basis.

The company employs 170,000 workers across the globe.

Dollar General's mailing address is 100 MISSION RIDGE, GOODLETTSVILLE TN, 37072. The official website for the company is www.dollargeneral.com. The company can be reached via phone at (615) 855-4000 or via fax at 615-386-9936.