$8.70 Billion in Sales Expected for Dollar General Co. (NYSE:DG) This Quarter

Brokerages expect Dollar General Co. (NYSE:DG – Get Rating) to announce sales of $8.70 billion for the current quarter, Zacks Investment Research reports. Twenty Four analysts have made estimates for Dollar General’s earnings, with the lowest sales estimate coming in at $8.65 billion and the highest estimate coming in at $8.80 billion. Dollar General posted sales of $8.40 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Dollar General will report full year sales of $37.39 billion for the current financial year, with estimates ranging from $36.83 billion to $37.66 billion. For the next fiscal year, analysts anticipate that the business will post sales of $39.62 billion, with estimates ranging from $38.64 billion to $40.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Dollar General.

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

Several equities analysts recently weighed in on DG shares. Piper Sandler cut their target price on shares of Dollar General from $270.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 18th. JPMorgan Chase & Co. cut their price objective on Dollar General from $272.00 to $263.00 and set an “overweight” rating for the company in a research report on Monday, March 14th. StockNews.com started coverage on Dollar General in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company raised their price target on Dollar General from $220.00 to $255.00 in a report on Thursday, March 17th. Finally, BMO Capital Markets upped their price objective on Dollar General from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, March 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $243.50.

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

A number of large investors have recently added to or reduced their stakes in DG. Norges Bank bought a new position in shares of Dollar General in the 4th quarter worth $547,860,000. Capital World Investors raised its holdings in Dollar General by 14.5% in the third quarter. Capital World Investors now owns 15,746,670 shares of the company’s stock worth $3,340,499,000 after purchasing an additional 1,990,714 shares in the last quarter. Capital International Investors lifted its position in shares of Dollar General by 13.6% during the fourth quarter. Capital International Investors now owns 7,176,545 shares of the company’s stock valued at $1,692,445,000 after buying an additional 860,616 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Dollar General by 90.4% in the 3rd quarter. Nordea Investment Management AB now owns 1,723,856 shares of the company’s stock valued at $370,112,000 after buying an additional 818,432 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Dollar General by 3.8% in the 3rd quarter. BlackRock Inc. now owns 18,115,432 shares of the company’s stock worth $3,843,009,000 after buying an additional 664,688 shares during the last quarter. 90.95% of the stock is owned by institutional investors.

Dollar General stock opened at $248.77 on Friday. Dollar General has a 1 year low of $185.15 and a 1 year high of $250.30. The firm’s 50 day moving average price is $215.91 and its 200-day moving average price is $218.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.12. The stock has a market cap of $56.92 billion, a P/E ratio of 24.49, a PEG ratio of 1.86 and a beta of 0.60.

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

About Dollar General (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.

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