Dollar General Corp. (NYSE:DG) – Investment analysts at Jefferies Group increased their Q1 2019 earnings estimates for shares of Dollar General in a research report issued to clients and investors 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 previous estimate 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.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share.
Several other research analysts have also weighed in on DG. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research report on Wednesday, November 1st. Wells Fargo & Co initiated coverage on Dollar General in a research report on Friday, November 3rd. They issued an “underperform” rating and a $72.00 target price on the stock. KeyCorp reaffirmed a “hold” rating on shares of Dollar General in a research report on Friday, November 10th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $89.00 target price on shares of Dollar General in a research report on Tuesday, November 14th. Finally, Deutsche Bank raised Dollar General from a “hold” rating to a “buy” rating and upped their target price for the stock from $79.00 to $93.00 in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $91.98.
Shares of Dollar General (NYSE DG) traded down $2.44 during mid-day trading on Monday, reaching $95.29. The company’s stock had a trading volume of 2,006,911 shares, compared to its average volume of 2,421,824. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. Dollar General has a 12 month low of $65.97 and a 12 month high of $105.82. The firm has a market cap of $26,540.00, a price-to-earnings ratio of 21.12, a P/E/G ratio of 1.62 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were given a $0.26 dividend. The ex-dividend date was Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. Dollar General’s dividend payout ratio is currently 23.06%.
In other news, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the transaction, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at approximately $1,389,422.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total value of $683,063.04. Following the sale, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at $686,869.92. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock valued at $1,924,881 in the last quarter. Corporate insiders own 0.32% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Van Den Berg Management I Inc. increased its stake in shares of Dollar General by 45.3% in the 3rd quarter. Van Den Berg Management I Inc. now owns 170,261 shares of the company’s stock valued at $13,800,000 after buying an additional 53,105 shares during the period. Parsec Financial Management Inc. increased its stake in shares of Dollar General by 11.9% in the 3rd quarter. Parsec Financial Management Inc. now owns 40,590 shares of the company’s stock valued at $3,290,000 after buying an additional 4,312 shares during the period. Jackson Square Partners LLC increased its stake in shares of Dollar General by 12.3% in the 3rd quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after buying an additional 415,584 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Dollar General by 33.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 8,000 shares of the company’s stock valued at $655,000 after buying an additional 2,000 shares during the period. Finally, Washington Capital Management Inc. acquired a new stake in shares of Dollar General in the 4th quarter valued at $344,000. 88.44% of the stock is owned by hedge funds and other institutional investors.
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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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