How much has inflation grown since 2007?
The dollar had an average inflation rate of 1.88% per year between 2007 and today, producing a cumulative price increase of 29.83%. This means that today's prices are 1.30 times higher than average prices since 2007, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 77.02% of what it could buy back then.
What is the highest and lowest stock price for Dollar General?
The Dollar General 52-week high stock price is 164.97, which is 0.3% above the current share price. The Dollar General 52-week low stock price is 98.08, which is 40.3% below the current share price. The average Dollar General stock price for the last 52 weeks is 127.15.
What is $100 in 2007 worth today?
$100 in 2007 is equivalent in purchasing power to about $134.05 today, an increase of $34.05 over 15 years. The dollar had an average inflation rate of 1.97% per year between 2007 and today, producing a cumulative price increase of 34.05% .
What is the Dollar General 52-week low stock price?
The Dollar General 52-week low stock price is 173.50, which is 17.5% below the current share price. The average Dollar General stock price for the last 52 weeks is 214.78.
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When was the last time Dollar General stock split?
DG SplitsSplit dateSplit RatioApr 18, 19941/52.1 Stock SplitMar 07, 19951/52.1 Stock SplitApr 29, 19961/52.1 Stock SplitFeb 13, 19971/52.1 Stock Split15 more rows
Is Dollar General a strong buy?
The company reported quarterly earnings in line with forecasts and a miss on revenue earlier this month. Dollar General also forecast better-than-expected full-year sales and raised its dividend by 31%. Cramer recently highlighted Dollar General as a dividend stock to buy.
How much does it cost to buy stock at Dollar General?
It opened the day at $245.54 after a previous close of $245.35. During the day the price has varied from a low of $245.27 to a high of $248.25. The latest price was $246.26 (25 minute delay)....Dollar General Corporation shares at a glance.Open$245.54Volume more info button1,218,5097 more rows
What was Google's stock price in 2007?
$714.87Google made its initial public offering in 2004 at $85 per share, peaking at $714.87 on December 7, 2007.
Is Dollar General a good long term stock?
However, if some steady growth performance over the long term is what you're after, dollar store stocks might be right up your aisle....Leading dollar store stocks.StockMarket CapDescriptionDollar General (NYSE:DG)$49 billionThe largest dollar store chain by sales and number of locations.2 more rows
Is Dollar General a good long term investment?
Dollar General is a Dividend Challenger with 7 consecutive years of dividend growth. Shares currently yield 0.94%. Dollar General is beginning international expansion with up to 10 storefronts being opened in Mexico by the end of FY 2022. Dollar General opened 1,050 stores in 2021 with plans to open 1,110 in 2022.
Should I sell Dollar General stock?
There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Dollar General stock. View analyst ratings for Dollar General or view top-rated stocks.
Can you retire from Dollar General?
The Dollar General 401(k) Savings and Retirement Plan can help you realize your dreams of retirement. Here is how: Contribute up to 25% of your pre-tax income (up to the IRS annual limit) Generous company match with immediate vesting.
When did Dollar General go public?
1968The company began in 1939 as a family-owned business called J.L. Turner and Son in Scottsville, Kentucky, owned by James Luther Turner and Cal Turner. In 1955, the name changed to Dollar General Corporation and in 1968 the company went public on the New York Stock Exchange.
What was Amazon stock price in 2007?
$38.70As of Jan. 3, 2007, the first year that Amazon Prime was introduced, the price of Amazon stock was $38.70.
How much would I have if I invested $1000 in Google?
Currently, Alphabet has a market capitalization of $1.86 trillion. Buying $1000 In GOOGL: If an investor had bought $1000 of GOOGL stock 15 years ago, it would be worth $12,296.42 today based on a price of $2821.60 for GOOGL at the time of writing.
What was Amazon stock price in 2009?
The closing price for Amazon (AMZN) in 2009 was $6.73, on December 31, 2009. It was up 162% for the year. The latest price is $116.46.
Is Dollar General a Buy Sell or Hold?
Dollar General has received a consensus rating of Buy. The company's average rating score is 2.87, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.
Is owning a dollar store a good investment?
Dollar stores are a great business venture to get into. During the recession, dollar stores continued to stay strong and achieve profits. Dollar stores like Dollar General, Family Dollar and other nationwide known dollar stores continue to experience great success. With Liberty you don't pay any franchise expenses.
What is Dollar General?
Why is Dollar General so competitive?
Dollar General is in the discount retail store industry selling common household necessities, such as cleaning supplies , health and beauty aids , basic food items, some clothing, and seasonal products. The target market of this corporation is people who generally have lower, middle and fixed incomes. Dollar General started out as J.L. Turner & Son, in 1939 as a wholesale business in Scottsville, Ky. The company coined the dollar store concept in 1955 opening retail stores which boosted the company’s sales. In 1968 the company went public and changed its name to Dollar General. Today, the corporate office is located in Goodlettsville, TN. (www.dollargeneral.com) Sales volume and growth are very important factors for success in the discount retail industry. As shown below, sales for the industry has been rising each year for the past five years with Dollar General leading the way.
How does capitalizing Dollar General's leases affect the balance sheet?
A sacrifice in the quality must be made to achieve these low prices. As a result, products that are offered do not carry a brand image and has no research and development costs. This is a key to be competitive in the industry and Dollar General will continue to provide simple product designs throughout the year to accommodate the demand for low cost merchandise
How to calculate sustainable growth rate?
Capitalizing Dollar General’s operating leases increases their liabilities by 1.2 billion. This has no effect on the cost of equity. This is a result of taking lease expenses off the income statement and adding it to liabilities and assets on the balance sheet. The capital asset lease account increases by the same amount as debt when this is done. As a result, the debt to equity ratio increases from .74 to 1.45. This in turns causes their cost of debt to increase by 8%. This causes the cost of debt to be approximately twice as less as the cost of equity. From the revision, we recalculated Dollar General’s WACC to be 11%.
What are the key success factors of Dollar General?
It is calculated by multiplying the IGR by one minus the debt to equity ratio. It is beneficial to have a higher IGR to sustain the company’s growth. As shown in the above chart, Dollar General is able to sustain their growth well above their competitors. This is explained by keeping the debt to equity ratio as low as possible. It is beneficial for a company to maintain a fair amount of debt and equity for operations. If Dollar General were to increase the amount of debt used to finance their operations it would cost more reducing profits.
How does Dollar General work?
Dollar General’s main Key Success Factors focuses on cost leadership. Dollar General uses slightly aggressive accounting policies and is only partially clear in stating how they record transactions in their footnotes; however the only balance sheets they give are consolidated so you cannot actually see the individual events being recorded.
Does Dollar General have a distribution center?
Dollar General has done a decent job to utilize the cost leadership strategies. It has focused on efficient low cost production and distribution. They have their own warehouse and trucks to supply stores to minimize transportation costs. Dollar General will only use suppliers that can maintain a low cost on products and delivery. They have diversified their supplier chain to minimize costs which is due to 14% coming from Proctor & Gamble, 16% from imports, and the maintaining from different suppliers. They have located every store in cities that are 20,000 or less populated to cater to their target market. Currently, Dollar General is trying to improve the efficiency of its stores. They are closing a few stores in less productive areas and spending money to remodel, advertise and develop a more efficient means of distribution. They hope to improve the quality of existing stores to maintain there slightly higher position in the industry.
How much has the dollar increased since 2007?
Dollar General owns six of there nine distribution centers across the U.S. and have their own trucking service. This helps minimize the cost of contracting to other trucking companies. The distribution centers, being located in central hub areas, cut costs of transportation to Dollar General stores. 99 Cents Only lease to trucking companies which adds to cost. We believe because they are cutting distribution costs, they have the upper-hand against the competitors in the industry.
How much was chained inflation in 2007?
The dollar had an average inflation rate of 1.95% per year between 2007 and today, producing a cumulative price increase of 31.04% . This means that today's prices are 1.31 times higher than average prices since 2007, according to the Bureau of Labor Statistics consumer price index.
What does it mean when $100 is worth $131.04?
In 2007, chained inflation was 2.53% .
Where does inflation data come from?
When $100 is equivalent to $131.04 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store. This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 2007 dollars, the chart below shows how $100 is worth less ...
