Wolfe Research Forecasts Weaker Earnings for Dollar General

Dollar General Corporation (NYSE:DG) – Stock analysts at Wolfe Research cut their Q1 2027 earnings per share (EPS) estimates for shares of Dollar General in a research report issued to clients and investors on Wednesday, March 18th. Wolfe Research analyst S. Hanus now forecasts that the company will post earnings of $1.91 per share for the quarter, down from their previous forecast of $2.02. Wolfe Research has a “Outperform” rating and a $165.00 price target on the stock. The consensus estimate for Dollar General’s current full-year earnings is $5.75 per share. Wolfe Research also issued estimates for Dollar General’s Q2 2027 earnings at $2.02 EPS, Q3 2027 earnings at $1.42 EPS, Q4 2027 earnings at $1.96 EPS, FY2027 earnings at $7.30 EPS, Q1 2028 earnings at $2.13 EPS, Q2 2028 earnings at $2.28 EPS, Q3 2028 earnings at $1.63 EPS, Q4 2028 earnings at $2.24 EPS, FY2028 earnings at $8.27 EPS and FY2029 earnings at $9.39 EPS.

A number of other research analysts have also issued reports on the stock. Argus increased their target price on shares of Dollar General from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. BMO Capital Markets lifted their price target on shares of Dollar General from $130.00 to $145.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Thursday, January 8th. Piper Sandler raised their price objective on Dollar General from $132.00 to $133.00 and gave the stock a “neutral” rating in a research note on Friday, March 13th. Finally, Morgan Stanley dropped their price objective on Dollar General from $160.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $145.33.

Dollar General Trading Down 2.6%

DG stock opened at $123.38 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13. The company’s 50-day simple moving average is $146.59 and its 200 day simple moving average is $124.13. Dollar General has a 52 week low of $80.51 and a 52 week high of $158.23. The company has a market capitalization of $27.16 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.05 and a beta of 0.23.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.36. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The firm had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $10.78 billion. During the same quarter last year, the business earned $0.87 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new stake in Dollar General during the second quarter worth $25,000. Caldwell Trust Co bought a new position in shares of Dollar General in the 2nd quarter valued at $25,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Dollar General during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after buying an additional 182 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Dollar General during the 3rd quarter worth $26,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 7th. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is currently 34.45%.

Dollar General News Roundup

Here are the key news stories impacting Dollar General this week:

• Positive Sentiment: Wolfe Research kept an Outperform rating and a $165 price target and raised some quarter forecasts (notably Q4 2027 and Q4 2028), suggesting confidence in longer‑term upside despite near‑term softness.
• Neutral Sentiment: Wolfe also issued a detailed set of quarterly forecasts (FY2027–FY2029) that are a mixed bag—small raises for certain quarters and small cuts for others—leaving consensus-level longer‑term upside but creating short‑term uncertainty.
• Neutral Sentiment: Retail peers and sector context are mixed: discount/ specialty peers such as Five Below posted strong results that are lifting parts of the sector, but investor focus is on where Dollar General’s traffic and mix trends go next. Five Below article
• Neutral Sentiment: Executives from a range of retailers, including Dollar General, say rising gas prices aren’t yet depressing customer demand — supportive context but not decisive. MarketWatch
• Negative Sentiment: Investors reacted negatively to Dollar General’s Q4 release despite beats — commentary flagged worries about sustainability of the sales mix shift (more nonconsumables, $1 price-point mix) and guidance aspects that weakened the buy case for some analysts. Analyst questions from Q4 call
• Negative Sentiment: Post‑quarter commentary from some research outlets argued DG “lost its buy case” after Q4, amplifying downside pressure as investors reassess valuation vs. growth prospects. TipRanks

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.