Analysts Issue Forecasts for Dollar General FY2029 Earnings

Dollar General Corporation (NYSE:DG) – Stock analysts at Zacks Research increased their FY2029 earnings per share (EPS) estimates for shares of Dollar General in a research report issued on Tuesday, September 15th. Zacks Research analyst Team now expects that the company will earn $9.50 per share for the year, up from their prior forecast of $8.72. The consensus estimate for Dollar General’s current full-year earnings is $7.68 per share.

Several other research firms have also weighed in on DG. Truist Financial lifted their price objective on Dollar General from $109.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Daiwa Securities Group cut their price target on shares of Dollar General from $136.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, June 4th. Evercore reduced their price target on shares of Dollar General from $145.00 to $140.00 in a research report on Wednesday, June 3rd. Finally, Barclays boosted their price objective on shares of Dollar General from $148.00 to $151.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Ten investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $135.46.

Dollar General Stock Performance

Shares of NYSE:DG opened at $122.89 on Thursday. The firm has a market capitalization of $27.11 billion, a PE ratio of 15.98, a P/E/G ratio of 1.70 and a beta of 0.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.21 and a quick ratio of 0.31. The business has a 50-day moving average of $124.40 and a two-hundred day moving average of $120.84. Dollar General has a 12 month low of $95.11 and a 12 month high of $158.23.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%.The business had revenue of $11.29 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same period last year, the company posted $1.86 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is 30.69%.

Institutional Investors Weigh In On Dollar General

Several hedge funds have recently modified their holdings of DG. Tidal Investments LLC boosted its holdings in Dollar General by 31.0% in the 2nd quarter. Tidal Investments LLC now owns 80,326 shares of the company’s stock worth $9,246,000 after acquiring an additional 19,024 shares during the period. National Pension Service raised its stake in shares of Dollar General by 13.1% during the second quarter. National Pension Service now owns 666,612 shares of the company’s stock valued at $76,734,000 after purchasing an additional 77,116 shares during the period. Cidel Asset Management Inc. raised its stake in shares of Dollar General by 5.9% during the second quarter. Cidel Asset Management Inc. now owns 4,323 shares of the company’s stock valued at $498,000 after purchasing an additional 240 shares during the period. Community Bank N.A. lifted its position in shares of Dollar General by 216.4% during the second quarter. Community Bank N.A. now owns 443 shares of the company’s stock worth $51,000 after purchasing an additional 303 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in shares of Dollar General by 6.7% during the second quarter. RFG Advisory LLC now owns 2,369 shares of the company’s stock worth $273,000 after purchasing an additional 149 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Dollar General

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: Zacks raises earnings forecasts: Zacks Research lifted its FY2027 EPS estimate to $7.70 from $7.30, FY2028 to $8.39 from $7.99, and FY2029 to $9.50 from $8.72. It also increased estimates for several quarterly periods, signaling improving expectations for Dollar General’s future profitability.
• Positive Sentiment: Broad-based bargain demand: Dollar General’s CEO said consumers earning as much as $100,000 are increasingly shopping like bargain hunters. That trend could support traffic, sales, and market-share gains if household budgets remain pressured. Dollar General CEO says even $100k earners shopping like bargain hunters
• Neutral Sentiment: Holiday merchandise launch: The company introduced an exclusive Simply for You by Hallmark Holiday 2026 collection, adding seasonal merchandise ahead of the important holiday-selling period. The sales impact remains uncertain. Dollar General Debuts Exclusive Simply for You by Hallmark Holiday 2026 Collection
• Neutral Sentiment: Investor focus on valuation: Commentary describes DG as potentially attractive after a 38% five-year decline, but questions whether its long-term cash flows adequately support the current valuation. Shares trade near 16 times earnings, making execution and sustained profit growth important to any recovery. Dollar General (DG) Stock Could Be A Bargain After A 38% Slide

About Dollar General

Dollar General Corporation (NYSE: DG) is a discount retailer that operates stores offering everyday essentials at low prices. Its merchandise assortment includes consumable products such as food, snacks, cleaning supplies, paper products, and personal-care items, along with seasonal goods, basic home products, apparel, and select health and beauty products.

The company serves primarily rural and suburban communities, with stores located throughout the United States. Dollar General also operates related retail formats, including DG Market, DGX, and pOpshelf, which offer assortments tailored to different shopping needs and locations.