Q1 2024 EPS Estimates for Dollar General Co. Reduced by Analyst (NYSE:DG)

Dollar General Co. (NYSE:DGGet Rating) – Jefferies Financial Group lowered their Q1 2024 earnings per share estimates for shares of Dollar General in a research report issued on Thursday, April 14th. Jefferies Financial Group analyst C. Tarlowe now forecasts that the company will earn $2.62 per share for the quarter, down from their prior estimate of $2.64. Jefferies Financial Group also issued estimates for Dollar General’s Q2 2024 earnings at $3.30 EPS and Q3 2024 earnings at $2.97 EPS.

Other analysts also recently issued research reports about the company. Truist Financial decreased their target price on Dollar General from $228.00 to $215.00 and set a “hold” rating on the stock in a research note on Friday, March 18th. Morgan Stanley downgraded shares of Dollar General from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $250.00 to $225.00 in a report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Dollar General from $230.00 to $242.00 and gave the company a “buy” rating in a report on Friday, March 18th. Piper Sandler cut their price objective on Dollar General from $270.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, March 18th. Finally, Raymond James reissued a “buy” rating and set a $260.00 price target on shares of Dollar General in a research note on Friday, March 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $243.50.

Shares of NYSE:DG opened at $248.77 on Friday. Dollar General has a twelve month low of $185.15 and a twelve month high of $250.30. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $56.92 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.86 and a beta of 0.60. The firm’s 50 day moving average price is $214.94 and its 200-day moving average price is $218.25.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings results on Thursday, March 17th. The company reported $2.57 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.57. The firm had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.71 billion. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the business posted $2.62 EPS.

Several large investors have recently added to or reduced their stakes in DG. Morgan Stanley boosted its position in shares of Dollar General by 5.0% during the 2nd quarter. Morgan Stanley now owns 2,198,711 shares of the company’s stock worth $475,781,000 after purchasing an additional 104,939 shares in the last quarter. Naples Global Advisors LLC grew its holdings in shares of Dollar General by 0.9% in the 3rd quarter. Naples Global Advisors LLC now owns 8,163 shares of the company’s stock worth $1,732,000 after acquiring an additional 75 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of Dollar General by 8.8% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 1,541 shares of the company’s stock worth $327,000 after buying an additional 125 shares during the last quarter. Huntington National Bank boosted its position in shares of Dollar General by 5.4% in the 3rd quarter. Huntington National Bank now owns 2,828 shares of the company’s stock worth $600,000 after buying an additional 146 shares in the last quarter. Finally, Destiny Wealth Partners LLC acquired a new stake in Dollar General in the 3rd quarter valued at about $142,000. 90.95% of the stock is currently owned by institutional investors and hedge funds.

In other Dollar General news, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $235.70, for a total value of $1,768,221.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 10,016 shares of the firm’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $220.20, for a total transaction of $2,205,523.20. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 19th. Stockholders of record on Tuesday, April 5th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, April 4th. This is a positive change from Dollar General’s previous quarterly dividend of $0.42. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.88%. Dollar General’s payout ratio is 21.65%.

Dollar General Company Profile (Get Rating)

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.

Featured Articles

Earnings History and Estimates for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.