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. The company's consumable products also comprise snacks, such as candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, including over-the-counter medicines and personal care products, such as soaps, body washes, shampoos, cosmetics, and dental hygiene and foot care products; pet supplies and pet food; and tobacco products. In addition, it offers seasonal products comprising holiday items, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, and automotive and home office supplies; and home products that include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, and bed and bath soft goods. Further, the company provides apparel, which comprise casual everyday apparel for infants, toddlers, girls, boys, women, and men, as well as socks, underwear, disposable diapers, shoes, and accessories. As of February 25, 2022, it operated 18,190 stores in 47 states in the United States. The company was formerly known as J.L. Turner & Son, Inc. and changed its name to Dollar General Corporation in 1968. Dollar General Corporation was founded in 1939 and is based in Goodlettsville, Tennessee.
Wall Street Analysts Forecast Growth
Several research firms have commented on DG. Loop Capital restated a "buy" rating on shares of Dollar General in a report on Friday, May 20th. Deutsche Bank Aktiengesellschaft reduced their price target on Dollar General from $242.00 to $234.00 in a research report on Wednesday, May 25th. Citigroup lowered Dollar General from a "buy" rating to a "neutral" rating and set a $258.00 price target on the stock. in a research report on Thursday, July 14th. Morgan Stanley raised Dollar General from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $225.00 to $250.00 in a research report on Thursday, June 16th. Finally, Gordon Haskett raised Dollar General from a "hold" rating to a "buy" rating in a research report on Thursday, July 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of "Moderate Buy" and a consensus target price of $251.69.
Dollar General Stock Up 0.7 %
Dollar General stock traded up $1.80 during mid-day trading on Friday, hitting $253.08. The company's stock had a trading volume of 1,266,498 shares, compared to its average volume of 1,511,172. The firm's 50 day moving average is $241.85 and its 200 day moving average is $227.26. The company has a market cap of $57.45 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.81 and a beta of 0.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.09. Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20.
Dollar General (NYSE:DG - Get Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.32 by $0.09. The company had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $8.71 billion. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. On average, analysts anticipate that Dollar General will post 11.52 earnings per share for the current year.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.87%. Dollar General's dividend payout ratio is currently 22.56%.
Insiders Place Their Bets
In related news, EVP Antonio Zuazo sold 2,999 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $227.43, for a total transaction of $682,062.57. Following the completion of the transaction, the executive vice president now owns 9,491 shares in the company, valued at approximately $2,158,538.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Antonio Zuazo sold 2,999 shares of the firm's stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $227.43, for a total transaction of $682,062.57. Following the completion of the transaction, the executive vice president now owns 9,491 shares in the company, valued at approximately $2,158,538.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anita C. Elliott sold 5,000 shares of Dollar General stock in a transaction on Friday, June 24th. The shares were sold at an average price of $247.11, for a total value of $1,235,550.00. Following the completion of the transaction, the chief accounting officer now owns 16,279 shares of the company's stock, valued at approximately $4,022,703.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,288 shares of company stock worth $3,089,602. 0.73% of the stock is currently owned by company insiders.
