Telsey Advisory Group Analysts Cut Earnings Estimates for Dollar General Co. (NYSE:DG)

Posted by Defense World Staff on Jun 5th, 2023

Dollar General Co. (NYSE:DG – Get Rating) – Investment analysts at Telsey Advisory Group decreased their Q3 2024 earnings estimates for Dollar General in a research note issued to investors on Friday, June 2nd. Telsey Advisory Group analyst J. Feldman now expects that the company will post earnings per share of $2.34 for the quarter, down from their prior estimate of $2.66. Telsey Advisory Group has a “Outperform” rating and a $242.00 price target on the stock. The consensus estimate for Dollar General’s current full-year earnings is $10.36 per share. Telsey Advisory Group also issued estimates for Dollar General’s Q4 2024 earnings at $2.98 EPS, Q1 2025 earnings at $2.53 EPS, Q3 2025 earnings at $2.58 EPS and Q4 2025 earnings at $3.27 EPS.

Several other equities research analysts have also issued reports on the company. StockNews.com assumed coverage on Dollar General in a report on Thursday, May 18th. They set a “hold” rating for the company. Barclays started coverage on shares of Dollar General in a research note on Tuesday, February 7th. They issued an “equal weight” rating and a $237.00 price objective for the company. Piper Jaffray Companies lowered shares of Dollar General from an “overweight” rating to a “neutral” rating in a research note on Friday. VNET Group reaffirmed a “maintains” rating on shares of Dollar General in a research note on Friday. Finally, Argus raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Friday, April 21st. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $215.53.

Dollar General Trading Up 2.6 %

Shares of NYSE:DG opened at $166.12 on Monday. The firm has a fifty day moving average of $212.31 and a two-hundred day moving average of $226.48. The firm has a market capitalization of $36.40 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.52 and a beta of 0.34. Dollar General has a 12-month low of $159.12 and a 12-month high of $261.59. The company has a quick ratio of 0.14, a current ratio of 1.32 and a debt-to-equity ratio of 1.18.

Dollar General (NYSE:DG – Get Rating) last posted its quarterly earnings data on Thursday, June 1st. The company reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.04). Dollar General had a return on equity of 40.03% and a net margin of 6.19%. The firm had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.47 billion. During the same period in the prior year, the business posted $2.41 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Monday, July 10th. This represents a $2.36 annualized dividend and a yield of 1.42%. Dollar General’s dividend payout ratio (DPR) is 22.24%.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Timothy I. Mcguire acquired 3,550 shares of the company’s stock in a transaction dated Friday, March 24th. The stock was bought at an average price of $202.00 per share, for a total transaction of $717,100.00. Following the purchase, the director now owns 11,104 shares in the company, valued at approximately $2,243,008. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Dollar General

Hedge funds have recently made changes to their positions in the company. Concord Wealth Partners acquired a new stake in Dollar General during the 4th quarter valued at $25,000. First Manhattan Co. increased its holdings in Dollar General by 447.4% during the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Financial Freedom LLC acquired a new stake in Dollar General in the 4th quarter valued at about $26,000. Capital Directions Investment Advisors LLC acquired a new stake in Dollar General in the 4th quarter valued at about $27,000. Finally, Accurate Wealth Management LLC acquired a new stake in Dollar General in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 90.73% of the company’s stock.

Dollar General Company Profile

(Get Rating)

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.