$9.28 Billion in Sales Expected for Dollar General Co. (NYSE:DG) This Quarter

Analysts predict that Dollar General Co. (NYSE:DG – Get Rating) will announce $9.28 billion in sales for the current quarter, Zacks reports. Twenty Four analysts have provided estimates for Dollar General’s earnings. The highest sales estimate is $9.49 billion and the lowest is $8.99 billion. Dollar General posted sales of $8.65 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Dollar General will report full-year sales of $37.49 billion for the current fiscal year, with estimates ranging from $37.28 billion to $37.78 billion. For the next fiscal year, analysts forecast that the firm will post sales of $39.65 billion, with estimates ranging from $38.64 billion to $40.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Dollar General.

Dollar General (NYSE:DG – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.10. Dollar General had a net margin of 7.01% and a return on equity of 38.64%. The business had revenue of $8.75 billion during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the previous year, the business posted $2.82 EPS. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis.

Several analysts recently commented on the company. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $210.00 target price on the stock. in a report on Friday, May 20th. BMO Capital Markets upped their price target on Dollar General from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, March 18th. Loop Capital reaffirmed a “buy” rating on shares of Dollar General in a research report on Friday, May 20th. Oppenheimer lifted their price target on Dollar General to $240.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dollar General from $272.00 to $263.00 and set an “overweight” rating on the stock in a research report on Monday, March 14th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $245.20.

Dollar General stock opened at $228.38 on Friday. The business has a 50-day simple moving average of $231.45 and a two-hundred day simple moving average of $221.50. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20. The company has a market cap of $52.25 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.53 and a beta of 0.52.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, July 1st. Dollar General’s dividend payout ratio (DPR) is currently 21.65%.

In other Dollar General news, CAO Anita C. Elliott sold 7,502 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the sale, the chief accounting officer now owns 16,279 shares in the company, valued at approximately $3,836,960.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Emily C. Taylor sold 10,016 shares of the firm’s stock in a transaction dated Thursday, March 24th. The shares were 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. Company insiders own 0.73% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Dollar General by 31.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,491 shares of the company’s stock valued at $555,000 after acquiring an additional 596 shares during the last quarter. L.M. Kohn & Company acquired a new position in shares of Dollar General during the 1st quarter worth approximately $519,000. Carlson Capital Management boosted its position in shares of Dollar General by 8.8% during the 1st quarter. Carlson Capital Management now owns 951 shares of the company’s stock worth $212,000 after acquiring an additional 77 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Dollar General by 62.9% during the first quarter. Neuberger Berman Group LLC now owns 49,595 shares of the company’s stock valued at $11,042,000 after acquiring an additional 19,152 shares during the last quarter. Finally, Quilter Plc grew its holdings in Dollar General by 3.9% in the first quarter. Quilter Plc now owns 110,876 shares of the company’s stock worth $24,684,000 after purchasing an additional 4,119 shares during the period. Hedge funds and other institutional investors own 94.86% of the company’s stock.

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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