Boom Or Bust: What Is Next For Dollar General Corp (NYSE: DG) Stock?

Dollar General Corp (NYSE:DG)’s traded shares stood at 4.52 million during the latest session, with the company’s beta value hitting 0.44. At the last check today, the stock’s price was $75.88, to imply a decrease of -4.55% or -$3.62 in intraday trading. The DG share’s 52-week high remains $168.07, putting it -121.49% down since that peak but still an impressive 4.96% since price per share fell to its 52-week low of $72.12. The company has a valuation of $16.69B, with an average of 4.17 million shares in intraday trading volume over the past 10 days and average of 4.28 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Dollar General Corp (DG), translating to a mean rating of 2.59. Of 24 analyst(s) looking at the stock, 0 analyst(s) give DG a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 17 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.54.

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Dollar General Corp (NYSE:DG) trade information

After registering a -4.55% downside in the latest session, Dollar General Corp (DG) has traded red over the past five days. The 5-day price performance for the stock is -0.50%, and -6.98% over 30 days. With these gigs, the year-to-date price performance is -44.19%. Short interest in Dollar General Corp (NYSE:DG) saw shorts transact 7.21 million shares and set a 1.73 days time to cover.

The extremes give us $80 and $130 for target low and target high price respectively. As such, DG has been trading -71.32% off suggested target high and -5.43% from its likely low.

Dollar General Corp (DG) estimates and forecasts

Looking at statistics comparing Dollar General Corp share performance against respective industry, we note that the company has underperformed competitors. Dollar General Corp (DG) shares are -41.42% down over the last 6 months, with its year-to-date growth rate lower than industry average at -22.52% against 4.90%. The rating firms project that company’s revenue will grow 4.74% compared to the previous financial year.

Revenue forecast for the current quarter as set by 22 analysts is 10.25B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 10.33B.Earnings reports from the last fiscal year show that sales brought in 9.86B and 9.91B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.97% before jumping 4.22% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.82% for the past 5-year period. While 2024 is set for a -22.93% return in earnings, projections for the next 5 years are at -1.24% annually.

DG Dividends

Dollar General Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Dollar General Corp has a forward dividend ratio of 2.36, with the share yield ticking at 3.11% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.14%.

Dollar General Corp (NYSE:DG)’s Major holders

Dollar General Corp insiders hold 0.25% of total outstanding shares, with institutional holders owning 94.52% of the shares at 94.76% float percentage. In total, 94.52% institutions holds shares in the company, led by CAPITAL INTERNATIONAL INVESTORS. As of 2024-06-30, the company held over 25.22 million shares (or 11.4747% of shares), all amounting to roughly $3.33 billion.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 24.94 million shares, or about 11.3474% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.3 billion.