Dollar General Co. (NYSE:DG) – Equities research analysts at Oppenheimer boosted their Q3 2022 earnings per share (EPS) estimates for shares of Dollar General in a research report issued on Wednesday, November 24th. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings per share of $1.83 for the quarter, up from their prior estimate of $1.69. Oppenheimer also issued estimates for Dollar General’s Q4 2022 earnings at $2.54 EPS, FY2022 earnings at $9.90 EPS, Q2 2023 earnings at $2.81 EPS, Q3 2023 earnings at $2.38 EPS and Q4 2023 earnings at $3.35 EPS.
A number of other research analysts have also recently issued reports on DG. Raymond James raised their price target on shares of Dollar General from $235.00 to $260.00 and gave the stock a “strong-buy” rating in a report on Friday, August 27th. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $239.00 price target for the company. in a report on Tuesday, August 31st. UBS Group reaffirmed a “buy” rating and issued a C$245.00 price target on shares of Dollar General in a report on Monday, August 23rd. Morgan Stanley raised their target price on shares of Dollar General from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, August 27th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Dollar General from $231.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, August 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $244.14.
Dollar General (NYSE:DG) last announced its earnings results on Wednesday, August 25th. The company reported $2.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.59 by $0.10. The company had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.59 billion. Dollar General had a net margin of 7.52% and a return on equity of 38.90%. Dollar General’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $3.12 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SRS Capital Advisors Inc. raised its stake in Dollar General by 2.1% during the third quarter. SRS Capital Advisors Inc. now owns 2,140 shares of the company’s stock worth $454,000 after purchasing an additional 45 shares during the period. First Mercantile Trust Co. raised its stake in Dollar General by 8.8% during the third quarter. First Mercantile Trust Co. now owns 556 shares of the company’s stock worth $118,000 after purchasing an additional 45 shares during the period. Condor Capital Management raised its stake in Dollar General by 0.3% during the second quarter. Condor Capital Management now owns 13,846 shares of the company’s stock worth $2,996,000 after purchasing an additional 46 shares during the period. TrinityPoint Wealth LLC raised its stake in Dollar General by 1.7% during the second quarter. TrinityPoint Wealth LLC now owns 2,755 shares of the company’s stock worth $596,000 after purchasing an additional 46 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in Dollar General by 4.0% during the second quarter. Proficio Capital Partners LLC now owns 1,217 shares of the company’s stock worth $263,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Dollar General Company Profile
Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.
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