Dollar General Corp. (NYSE:DG) – Equities researchers at Oppenheimer increased their FY2021 earnings per share (EPS) estimates for shares of Dollar General in a note issued to investors on Thursday, June 13th. Oppenheimer analyst R. Parikh now anticipates that the company will earn $7.15 per share for the year, up from their previous estimate of $7.05. Oppenheimer currently has a “Top Pick” rating and a $150.00 target price on the stock. Oppenheimer also issued estimates for Dollar General’s FY2022 earnings at $7.88 EPS.
A number of other analysts also recently issued reports on DG. Morgan Stanley increased their price target on shares of Dollar General from $129.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Raymond James increased their price target on shares of Dollar General from $127.00 to $146.00 and gave the stock a “strong-buy” rating in a report on Friday, May 31st. Royal Bank of Canada increased their price target on shares of Dollar General from $133.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. UBS Group increased their price target on shares of Dollar General from $126.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, BMO Capital Markets increased their price target on shares of Dollar General from $133.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $133.00.
DG stock opened at $135.96 on Friday. The firm has a market capitalization of $35.14 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.93 and a beta of 0.69. The company has a current ratio of 1.16, a quick ratio of 0.12 and a debt-to-equity ratio of 1.52. Dollar General has a 12 month low of $95.61 and a 12 month high of $137.35.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.57 billion. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc boosted its stake in shares of Dollar General by 2.0% in the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after purchasing an additional 370,008 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in Dollar General in the fourth quarter valued at approximately $68,000. WESPAC Advisors LLC raised its holdings in Dollar General by 7.4% in the first quarter. WESPAC Advisors LLC now owns 5,338 shares of the company’s stock valued at $637,000 after acquiring an additional 369 shares in the last quarter. TD Asset Management Inc. raised its holdings in Dollar General by 40.8% in the first quarter. TD Asset Management Inc. now owns 1,195,908 shares of the company’s stock valued at $142,672,000 after acquiring an additional 346,263 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in Dollar General by 3.6% in the fourth quarter. WINTON GROUP Ltd now owns 133,706 shares of the company’s stock valued at $14,451,000 after acquiring an additional 4,701 shares in the last quarter. 95.15% of the stock is owned by institutional investors.
In other Dollar General news, EVP Robert D. Ravener sold 38,659 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $119.84, for a total transaction of $4,632,894.56. Following the completion of the transaction, the executive vice president now owns 39,739 shares of the company’s stock, valued at $4,762,321.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rhonda Taylor sold 16,636 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the transaction, the executive vice president now directly owns 33,513 shares of the company’s stock, valued at approximately $4,009,495.32. The disclosure for this sale can be found here. Insiders have sold 143,255 shares of company stock valued at $17,037,351 over the last 90 days. 0.55% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Monday, July 8th. Dollar General’s dividend payout ratio is presently 21.44%.
About Dollar General
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
Recommended Story: What is the 52-week high/low?
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.