Dollar General (NYSE:DG) Announces Quarterly Earnings Results

Dollar General (NYSE:DG) announced its earnings results on Thursday. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08), Zacks reports. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. Dollar General updated its FY25 guidance to $5.50-$5.90 EPS.

Dollar General Stock Up 0.7 %

DG opened at $79.61 on Thursday. Dollar General has a fifty-two week low of $72.12 and a fifty-two week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The company has a fifty day moving average of $79.78 and a two-hundred day moving average of $104.43. The stock has a market capitalization of $17.51 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.31 and a beta of 0.44.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.96%. Dollar General’s payout ratio is 36.65%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Truist Financial lowered their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Sanford C. Bernstein assumed coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective for the company. Melius Research assumed coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a “hold” rating and a $85.00 price objective for the company. Finally, Bank of America lowered their price objective on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.32.

Insider Buying and Selling at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Company Profile

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.