On May 26, 2023, Dollar General (DG) received an upgrade from Mixed to Positive by OTR Global. The upgrade suggests that OTR Global has high hopes for the company’s future performance. The reason for this upgrade could be attributed to the recent positive developments within the company. One such development is Dollar General’s announcement of its first international expansion plan. The company plans to open up to 10 stores in Mexico in FY 2022, marking a significant milestone for the company. This news has likely contributed to the positive outlook of Dollar General’s stock.
Dollar General Stock Performance and Financial Ratios on May 26, 2023
On May 26, 2023, Dollar General (DG) started the day with an opening price of $202.73, slightly lower than the previous day’s closing price of $203.61. Throughout the day, the stock experienced a range between $202.44 and $206.25, with a volume of 1,387,042 shares traded.
Dollar General has a market capitalization of $47.1 billion and a price-to-earnings (P/E) ratio of 19.1. The company’s price-to-sales ratio is 1.36, and its price-to-book ratio is 8.50.
The company’s earnings growth over the past year was 4.77%, and it is projected to grow by 4.71% this year. Over the next five years, analysts expect Dollar General’s earnings to grow by 9.70%. The company’s revenue growth over the past year was 10.59%.
In comparison to other companies in the same industry, Dollar General’s performance on May 26, 2023 was mixed. Dollar Tree Inc (DLTR) saw an increase of 3.93%, while Five Below Inc (FIVE) experienced a decrease of 1.48%. Ollie’s Bargain Outlet Holdings Inc (OLLI) saw a decrease of 2.82%, and PriceSmart Inc (PSMT) had an increase of 1.15%.
Dollar General’s next reporting date is June 1, 2023, and the company is expected to report earnings per share (EPS) of $2.39 for the current quarter. The company’s annual revenue for the past year was $37.8 billion, with a net profit margin of 6.38%.
Dollar General operates in the retail trade sector, specifically in the discount stores industry. The company’s corporate headquarters are located in Goodlettsville, Tennessee.
Overall, Dollar General’s performance on May 26, 2023 was relatively stable, with a small decrease in the opening price but a range that stayed within a reasonable margin. The company’s financial ratios suggest that it is trading at a fair value, and analysts expect continued growth in earnings over the next five years.
Dollar General Corp: Analysts Predict Growth with Median Target Price of $242.00
On May 26, Dollar General Corp (DG) had a median target price of $242.00, according to 25 analysts offering 12-month price forecasts. The high estimate was $285.00, while the low estimate was $187.00. The median estimate represented an 18.57% increase from the last price of $204.10.
The current consensus among 29 polled investment analysts was to buy stock in Dollar General Corp. The company was set to report its earnings for the current quarter on June 01.
Dollar General Corp had a strong performance in the past year, with its stock price increasing by 36.54%. The company’s revenue had also been steadily increasing, with sales of $9.5 billion in the current quarter.
Investors were optimistic about the company’s future prospects, with the median target price of $242.00 indicating a potential for further growth. The company had been expanding its store network and investing in technology to improve its operations.
Dollar General Corp had been able to weather the challenges posed by the COVID-19 pandemic, with its essential products and convenient locations making it a popular shopping destination. The company had also been able to adapt to changing consumer preferences, such as the growing demand for online shopping.
Overall, the outlook for Dollar General Corp was positive, with analysts recommending buying the stock and a strong potential for growth in the future. Investors were eagerly awaiting the company’s earnings report to see if it would meet or exceed expectations.
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