Wall Street brokerages expect that Dollar General Corp. (NYSE:DG) will report $6.60 billion in sales for the current quarter, Zacks Investment Research reports. Twenty Four analysts have made estimates for Dollar General’s earnings. The lowest sales estimate is $6.53 billion and the highest is $6.63 billion. Dollar General reported sales of $6.13 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.7%. The business is expected to announce its next earnings report on Thursday, March 21st.
On average, analysts expect that Dollar General will report full year sales of $25.57 billion for the current fiscal year, with estimates ranging from $25.50 billion to $25.60 billion. For the next financial year, analysts forecast that the business will report sales of $27.49 billion, with estimates ranging from $27.18 billion to $27.78 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Dollar General.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis.
Several brokerages have weighed in on DG. Credit Suisse Group set a $108.00 price objective on Dollar General and gave the stock a “hold” rating in a research note on Tuesday, December 4th. Citigroup reduced their price objective on Dollar General from $133.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, December 10th. BMO Capital Markets began coverage on Dollar General in a research note on Thursday, January 10th. They set an “outperform” rating and a $115.50 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Dollar General to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 9th. Finally, ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $111.58.
NYSE DG traded down $0.08 during trading hours on Friday, hitting $118.38. 1,311,784 shares of the company were exchanged, compared to its average volume of 1,570,159. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.22. Dollar General has a 52 week low of $85.54 and a 52 week high of $120.33. The stock has a market capitalization of $31.12 billion, a P/E ratio of 26.37, a PEG ratio of 1.24 and a beta of 0.72.
In other news, EVP Robert D. Ravener sold 32,492 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the transaction, the executive vice president now owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.41% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Dollar General by 13.9% in the fourth quarter. BlackRock Inc. now owns 22,207,042 shares of the company’s stock worth $2,400,135,000 after purchasing an additional 2,709,334 shares in the last quarter. Vanguard Group Inc. grew its stake in Dollar General by 2.0% in the third quarter. Vanguard Group Inc. now owns 19,201,573 shares of the company’s stock worth $2,098,732,000 after purchasing an additional 370,008 shares in the last quarter. Vanguard Group Inc lifted its holdings in Dollar General by 2.0% during the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock worth $2,098,732,000 after buying an additional 370,008 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Dollar General by 10,128.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock worth $90,000 after buying an additional 9,656,820 shares during the period. Finally, Polen Capital Management LLC lifted its holdings in Dollar General by 1.5% during the fourth quarter. Polen Capital Management LLC now owns 7,155,529 shares of the company’s stock worth $773,370,000 after buying an additional 105,776 shares during the period. 98.20% of the stock is currently owned by institutional investors.
Dollar General Company Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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