Dollar General - DG Stock Forecast, Price & News

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.

Dollar General Stock Performance

Shares of DG Stock traded up $1.43 during trading on Friday, reaching $253.30. The company had a trading volume of 1,026,087 shares, compared to its average volume of 1,402,909. The firm's 50 day simple moving average is $244.84 and its two-hundred day simple moving average is $228.59. Dollar General has a one year low of $183.25 and a one year high of $262.20. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.09. The company has a market capitalization of $57.50 billion, a PE ratio of 25.98, a PEG ratio of 1.71 and a beta of 0.40.

Dollar General (NYSE:DG - Get Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.09. The company had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.71 billion. Dollar General had a net margin of 6.58% and a return on equity of 37.05%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 earnings per share. Sell-side analysts forecast that Dollar General will post 11.52 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were paid a $0.55 dividend. The ex-dividend date was Friday, July 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.87%. Dollar General's payout ratio is presently 22.56%.

Analyst Ratings Changes

Several research analysts recently weighed in on DG shares. Oppenheimer upped their price target on Dollar General from $240.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, July 19th. Citigroup cut shares of Dollar General from a "buy" rating to a "neutral" rating and set a $258.00 price target for the company. in a report on Thursday, July 14th. StockNews.com lowered shares of Dollar General from a "buy" rating to a "hold" rating in a research note on Friday, May 27th. Morgan Stanley raised shares of Dollar General from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $225.00 to $250.00 in a research note on Thursday, June 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dollar General from $242.00 to $234.00 in a research note on Wednesday, May 25th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $251.69.

Insider Buying and Selling

In other Dollar General 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 value of $682,062.57. Following the sale, the executive vice president now owns 9,491 shares of the company's stock, valued at approximately $2,158,538.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Antonio Zuazo sold 2,999 shares of the company's stock in a transaction on Friday, May 27th. The shares were 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 directly owns 9,491 shares in the company, valued at approximately $2,158,538.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Anita C. Elliott sold 5,000 shares of the stock in a transaction on Friday, June 24th. The shares were 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 of the company's stock, valued at $4,022,703.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,288 shares of company stock valued at $3,089,602. Insiders own 0.73% of the company's stock.