Dollar General Corp. (NYSE:DG) – Jefferies Group boosted their Q1 2019 earnings per share estimates for Dollar General in a report issued on Friday. Jefferies Group analyst D. Binder now expects that the company will post earnings of $1.37 per share for the quarter, up from their prior forecast of $1.16. Jefferies Group also issued estimates for Dollar General’s Q3 2019 earnings at $1.19 EPS and FY2023 earnings at $8.67 EPS.
Several other equities analysts have also recently issued reports on DG. Deutsche Bank boosted their price target on shares of Dollar General to $97.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Wednesday, November 1st. UBS Group reiterated a “buy” rating and set a $99.00 price target (up previously from $85.00) on shares of Dollar General in a research report on Monday, December 4th. Raymond James Financial reiterated a “buy” rating and set a $107.00 price target on shares of Dollar General in a research report on Sunday, December 3rd. Finally, MKM Partners boosted their price target on shares of Dollar General to $96.00 and gave the company a “buy” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Dollar General has an average rating of “Buy” and a consensus target price of $91.98.
Dollar General (DG) traded down $2.44 during mid-day trading on Monday, hitting $95.29. 2,006,911 shares of the company’s stock were exchanged, compared to its average volume of 2,421,824. Dollar General has a 12-month low of $65.97 and a 12-month high of $105.82. The stock has a market capitalization of $26,540.00, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. Dollar General’s revenue was up 11.0% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. Dollar General’s dividend payout ratio is presently 23.06%.
In related news, SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the transaction, the senior vice president now owns 7,578 shares in the company, valued at $686,869.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total transaction of $186,753.84. Following the transaction, the senior vice president now owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,916 shares of company stock worth $1,924,881. Insiders own 0.32% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Dollar General by 168.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after buying an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD increased its holdings in Dollar General by 0.8% during the fourth quarter. Longview Partners Guernsey LTD now owns 11,417,858 shares of the company’s stock valued at $1,061,975,000 after buying an additional 96,198 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Dollar General by 2.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after buying an additional 178,400 shares during the last quarter. Capital International Investors increased its holdings in Dollar General by 14.0% during the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after buying an additional 791,600 shares during the last quarter. Finally, Polen Capital Management LLC increased its holdings in Dollar General by 0.8% during the fourth quarter. Polen Capital Management LLC now owns 4,977,513 shares of the company’s stock valued at $462,958,000 after buying an additional 41,833 shares during the last quarter. Institutional investors own 88.44% of the company’s stock.
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Dollar General Company Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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