Dollar General (DG) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dollar General in the last twelve months. There are currently 6 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DG shares.
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16 equities research analysts have issued 1-year target prices for Dollar General's shares. Their DG share price forecasts range from $214.00 to $296.00. On average, they predict the company's share price to reach $248.82 in the next year. This suggests a possible upside of 15.7% from the stock's current price.
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Dollar General's stock was trading at $246.25 at the beginning of the year. Since then, DG stock has decreased by 12.7% and is now trading at $215.08.
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Dollar General saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,930,000 shares, an increase of 5.1% from the April 15th total of 4,690,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.3% of the company's stock are sold short.
View Dollar General's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our DG earnings forecast.

Dollar General will be holding an earnings conference call on Thursday, June 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13738243".

Dollar General Co. (NYSE:DG) announced its quarterly earnings data on Thursday, March, 16th. The company reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.94 by $0.02. The business had revenue of $10.20 billion for the quarter, compared to analysts' expectations of $10.24 billion. Dollar General had a trailing twelve-month return on equity of 40.63% and a net margin of 6.38%. The firm's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.57 EPS.
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Dollar General announced a quarterly dividend on Thursday, March 16th. Investors of record on Tuesday, April 11th will be given a dividend of $0.59 per share on Tuesday, April 25th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, April 10th. This is an increase from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for DG.

ETFs with the largest weight of Dollar General (NYSE:DG) stock in their portfolio include Natixis Vaughan Nelson Select ETF (VNSE), VanEck Retail ETF (RTH), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), iShares U.S. Consumer Focused ETF (IEDI), Touchstone Dividend Select ETF (DVND), Consumer Staples Select Sector SPDR Fund (XLP), Nuveen Dividend Growth ETF (NDVG) and T. Rowe Price Dividend Growth ETF (TDVG).

Dollar General (NYSE:DG) pays an annual dividend of $2.36 per share and currently has a dividend yield of 1.08%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 22.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DG will have a dividend payout ratio of 18.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DG.

Dollar General declared that its board has initiated a stock buyback plan on Thursday, December 2nd 2021, which authorizes the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its stock is undervalued.

Dollar General updated its FY 2023 earnings guidance on Thursday, March, 16th. The company provided EPS guidance of $11.11-$11.32 for the period, compared to the consensus estimate of $11.43. The company issued revenue guidance of $39.93 billion-$40.12 billion, compared to the consensus revenue estimate of $40.07 billion.

2,238 employees have rated Dollar General Chief Executive Officer Todd Vasos on Glassdoor.com. Todd Vasos has an approval rating of 48% among the company's employees. This puts Todd Vasos in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dollar General investors own include NVIDIA (NVDA), Walmart (WMT), Home Depot (HD), Walt Disney (DIS), Alibaba Group (BABA), Intel (INTC), Visa (V), Salesforce (CRM), Johnson & Johnson (JNJ) and Costco Wholesale (COST).

Dollar General trades on the New York Stock Exchange (NYSE) under the ticker symbol "DG."

Dollar General's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.93%), Price T Rowe Associates Inc. MD (5.15%), State Street Corp (4.46%), FMR LLC (3.51%), Geode Capital Management LLC (1.90%) and Barrow Hanley Mewhinney & Strauss LLC (0.96%). Insiders that own company stock include Anita C Elliott, Antonio Zuazo, Carman R Wenkoff, Emily C Taylor, John W Garratt, Michael J Kindy, Patricia Filikrushel, Rhonda Taylor, Steven G Sunderland, Timothy I Mcguire, Todd J Vasos and Warren F Bryant.
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Shares of DG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DG stock can currently be purchased for approximately $215.08.

Dollar General (NYSE:DG) has a market capitalization of $47.13 billion and generates $37.84 billion in revenue each year. The company earns $2.42 billion in net income (profit) each year or $10.68 on an earnings per share basis.

The company employs 170,000 workers across the globe.

Dollar General's mailing address is 100 MISSION RIDGE, GOODLETTSVILLE TN, 37072. The official website for the company is www.dollargeneral.com. The company can be reached via phone at (615) 855-4000 or via fax at 615-386-9936.