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.
Analysts Set New Price Targets
DG has been the subject of several recent analyst reports. Oppenheimer lifted their target price on shares of Dollar General from $240.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, July 19th. Truist Financial increased their price objective on Dollar General from $227.00 to $262.00 and gave the stock a "hold" rating in a research report on Friday. Loop Capital reiterated a "buy" rating on shares of Dollar General in a report on Friday, May 20th. Morgan Stanley raised shares of Dollar General from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $225.00 to $250.00 in a research report on Thursday, June 16th. Finally, Citigroup cut shares of Dollar General from a "buy" rating to a "neutral" rating and set a $258.00 target price for the company. in a research note 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $251.69.
Dollar General Stock Performance
Shares of DG traded up $3.33 during trading hours on Monday, hitting $256.41. The stock had a trading volume of 32,213 shares, compared to its average volume of 2,040,056. The stock has a fifty day moving average price of $241.85 and a 200 day moving average price of $227.37. Dollar General has a 12 month low of $183.25 and a 12 month high of $262.20. The firm has a market capitalization of $58.20 billion, a PE ratio of 25.96, a PEG 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 (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. Dollar General had a net margin of 6.58% and a return on equity of 37.05%. The company had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same quarter last year, the firm posted $2.82 earnings per share. Dollar General's revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Dollar General will post 11.52 EPS for the current year.
Dollar General Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $2.20 annualized dividend and a dividend yield of 0.86%. Dollar General's payout ratio is currently 22.56%.
Insider Activity
In other Dollar General news, CAO Anita C. Elliott sold 5,000 shares of the business's stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $247.11, for a total transaction of $1,235,550.00. Following the completion of the sale, the chief accounting officer now directly owns 16,279 shares in the company, valued at approximately $4,022,703.69. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Dollar General news, CAO Anita C. Elliott sold 5,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $4,022,703.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patricia Filikrushel sold 5,289 shares of the company's stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $221.59, for a total transaction of $1,171,989.51. Following the completion of the sale, the director now directly owns 22,793 shares of the company's stock, valued at $5,050,700.87. The disclosure for this sale can be found here. Insiders sold a total of 13,288 shares of company stock worth $3,089,602 in the last quarter. 0.60% of the stock is owned by company insiders.
