Dollar General (NYSE:DG) released its quarterly earnings data on Thursday. The company reported $1.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.48, Bloomberg Earnings reports. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company had revenue of $6.13 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the firm posted $1.49 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Dollar General updated its FY19 guidance to $5.95-6.15 EPS.
Dollar General (DG) opened at $95.50 on Thursday. Dollar General has a 52 week low of $65.97 and a 52 week high of $105.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41. The company has a market capitalization of $24,220.00, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.38 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Tuesday, April 10th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s dividend payout ratio (DPR) is 23.06%.
Several analysts recently weighed in on the company. Argus reissued a “hold” rating on shares of Dollar General in a report on Thursday, February 8th. They noted that the move was a valuation call. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Raymond James Financial reissued a “buy” rating and set a $107.00 price target on shares of Dollar General in a report on Sunday, December 3rd. Citigroup assumed coverage on Dollar General in a report on Tuesday, January 16th. They set an “outperform” rating and a $112.00 price target for the company. Finally, BMO Capital Markets set a $102.00 price target on Dollar General and gave the stock a “hold” rating in a report on Friday, December 8th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar General has a consensus rating of “Buy” and a consensus price target of $92.90.
In other news, SVP Anita C. Elliott sold 2,012 shares of Dollar General stock in a transaction 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 transaction, the senior vice president now owns 14,969 shares in the company, valued at approximately $1,389,422.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. 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 purchasing an additional 53,105 shares during the last quarter. 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 purchasing an additional 415,584 shares during the last quarter. Washington Capital Management Inc. bought a new position in shares of Dollar General in the 4th quarter valued at $344,000. 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 purchasing an additional 2,000 shares during the last quarter. Finally, Patten Group Inc. increased its stake in shares of Dollar General by 35.1% in the 4th quarter. Patten Group Inc. now owns 4,059 shares of the company’s stock valued at $378,000 after purchasing an additional 1,055 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.
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About Dollar General
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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