During the last session, Dollar General Corp. (NYSE:DG)’s traded shares were 2.61 million, with the beta value of the company hitting 0.41. At the end of the trading day, the stock’s price was $159.55, reflecting an intraday gain of 0.32% or $0.51. The 52-week high for the DG share is $222.99, that puts it down -39.76 from that peak though still a striking 36.64% gain since the share price plummeted to a 52-week low of $101.09. The company’s market capitalization is $35.05B, and the average intraday trading volume over the past 10 days was 1.96 million shares, and the average trade volume was 2.37 million shares over the past three months.
Dollar General Corp. (NYSE:DG) trade information
Dollar General Corp. (DG) registered a 0.32% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.32% in intraday trading to $159.55, hitting a weekly high. The stock’s 5-day price performance is 2.24%, and it has moved by 2.28% in 30 days. Based on these gigs, the overall price performance for the year is -25.51%. The short interest in Dollar General Corp. (NYSE:DG) is 6.3 million shares and it means that shorts have 2.14 day(s) to cover.
Dollar General Corp. (DG) estimates and forecasts
Statistics show that Dollar General Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Dollar General Corp. (DG) shares have gone up 49.07% during the last six months, with a year-to-date growth rate less than the industry average at -5.03% against 8.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -32.90% this quarter and then drop -8.00% in the quarter after that. In the rating firms’ projections, revenue will increase 6.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $9.89 billion as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to $10.41 billion by the end of Jul 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.82%. While earnings are projected to return -4.19% in 2024, the next five years will return -2.86% per annum.
DG Dividends
Dollar General Corp. is due to release its next quarterly earnings between May 30 and June 03. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Dollar General Corp. is 2.36, with the dividend yield indicating at 1.48 percent, continuing the trend of increasing dividends in recent years.
Dollar General Corp. (NYSE:DG)’s Major holders
Dollar General Corp. insiders own 0.27% of total outstanding shares while institutional holders control 93.54%, with the float percentage being 93.79%. Blackrock Inc. is the largest shareholder of the company, while 1,458 institutions own stock in it. As of Jun 29, 2023, the company held over 18.6 million shares (or 8.47% of all shares), a total value of $3.16 billion in shares.
The next largest institutional holding, with 18.25 million shares, is of Vanguard Group Inc’s that is approximately 8.32% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $3.1 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Dollar General Corp. (DG) shares are Vanguard Total Stock Market Index Fund and American Balanced Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 6.85 million shares. This amounts to just over 3.12 percent of the company’s overall shares, with a $1.16 billion market value. The same data shows that the other fund manager holds slightly less at 6.64 million, or about 3.03% of the stock, which is worth about $702.47 million.
