Dollar General (NYSE:DG) Issues FY 2022 Earnings Guidance

Dollar General (NYSE:DGGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $11.39-$11.59 for the period, compared to the consensus earnings per share estimate of $11.37. The company issued revenue guidance of $37.64 billion-$37.81 billion, compared to the consensus revenue estimate of $11.59.

Shares of DG opened at $233.73 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.09 and a current ratio of 0.97. The company has a 50-day simple moving average of $231.83 and a 200-day simple moving average of $221.68. Dollar General has a 52 week low of $183.25 and a 52 week high of $262.20. The firm has a market capitalization of $53.06 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.77 and a beta of 0.52.

Dollar General (NYSE:DGGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.31 by $0.10. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.71 billion. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS. As a group, equities analysts forecast that Dollar General will post 11.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, July 1st. Dollar General’s dividend payout ratio (DPR) is presently 22.56%.

Several equities research analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of Dollar General from $270.00 to $265.00 and set an overweight rating on the stock in a research note on Friday, March 18th. Oppenheimer boosted their price objective on Dollar General to $240.00 in a report on Thursday, May 26th. Raymond James reissued a buy rating and issued a $260.00 price target on shares of Dollar General in a research note on Friday, March 18th. Telsey Advisory Group dropped their price objective on Dollar General from $265.00 to $230.00 and set an outperform rating for the company in a report on Tuesday, May 24th. Finally, Loop Capital restated a buy rating on shares of Dollar General in a report on Friday, May 20th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar General presently has a consensus rating of Buy and an average price target of $242.92.

In other news, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $235.70, for a total transaction of $1,768,221.40. Following the transaction, the chief accounting officer now directly owns 16,279 shares in the company, valued at approximately $3,836,960.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 10,016 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 25,806 shares of company stock worth $5,827,797 over the last quarter. Company insiders own 0.73% of the company’s stock.

Several institutional investors have recently modified their holdings of DG. Morgan Stanley lifted its holdings in shares of Dollar General by 5.0% during the second 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 during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Dollar General in the 4th quarter worth approximately $446,000. Sequoia Financial Advisors LLC bought a new stake in shares of Dollar General during the 4th quarter valued at about $607,000. Cubist Systematic Strategies LLC grew its stake in Dollar General by 44.1% during the fourth quarter. Cubist Systematic Strategies LLC now owns 4,919 shares of the company’s stock worth $1,160,000 after purchasing an additional 1,505 shares during the period. Finally, Colony Group LLC grew its stake in Dollar General by 86.8% during the fourth quarter. Colony Group LLC now owns 2,305 shares of the company’s stock worth $544,000 after purchasing an additional 1,071 shares during the period. 94.86% of the stock is owned by institutional investors.

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.

Further Reading

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.