Dollar General (NYSE:DG) Issues Earnings Results

Dollar General (NYSE:DG) announced its earnings results on Thursday. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30, RTT News reports. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Dollar General updated its FY 2025 guidance to 5.800-6.300 EPS.

Dollar General Stock Performance

Shares of NYSE DG opened at $108.75 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.20 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $112.02 and a 200 day simple moving average of $98.10. Dollar General has a one year low of $66.43 and a one year high of $117.95. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.66 and a beta of 0.31.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio is presently 45.04%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DG. UBS Group increased their price objective on Dollar General from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday. Gordon Haskett raised Dollar General from a “reduce” rating to an “accumulate” rating in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. increased their price objective on Dollar General from $88.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Citigroup increased their price objective on Dollar General from $101.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Finally, Evercore ISI increased their price objective on Dollar General from $118.00 to $120.00 and gave the company an “in-line” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $112.79.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company’s stock, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DG. AQR Capital Management LLC grew its holdings in shares of Dollar General by 387.7% during the second quarter. AQR Capital Management LLC now owns 489,035 shares of the company’s stock worth $55,457,000 after purchasing an additional 388,764 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Dollar General by 811.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 191,400 shares of the company’s stock worth $21,892,000 after purchasing an additional 170,400 shares during the last quarter. JCP Investment Management LLC bought a new position in Dollar General in the second quarter valued at about $19,094,000. Ameriprise Financial Inc. boosted its holdings in Dollar General by 95.9% in the second quarter. Ameriprise Financial Inc. now owns 227,392 shares of the company’s stock valued at $26,009,000 after acquiring an additional 111,328 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Dollar General by 76.7% in the second quarter. Sei Investments Co. now owns 128,137 shares of the company’s stock valued at $14,657,000 after acquiring an additional 55,608 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.