Dollar General (NYSE:DG) issued its earnings results on Thursday, March 15th. The company reported $1.48 EPS for the quarter, hitting the consensus estimate of $1.48, Bloomberg Earnings reports. The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.20 billion. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 EPS. Dollar General updated its FY19 guidance to $5.95-6.15 EPS.
Shares of Dollar General stock opened at $94.97 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.22 and a current ratio of 1.43. The firm has a market cap of $25,798.54, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02. Dollar General has a 1-year low of $65.97 and a 1-year high of $105.82.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Tuesday, April 10th will be issued a $0.29 dividend. This is an increase from Dollar General’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, April 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.22%. Dollar General’s dividend payout ratio (DPR) is 23.16%.
DG has been the subject of several research reports. Raymond James Financial set a $107.00 target price on Dollar General and gave the stock a “buy” rating in a research report on Saturday, December 9th. ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Morgan Stanley set a $121.00 target price on Dollar General and gave the stock a “buy” rating in a research report on Friday, March 16th. Argus reiterated a “hold” rating on shares of Dollar General in a research report on Thursday, February 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Twelve analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $98.00.
In other Dollar General news, SVP Michael J. Kindy sold 8,221 shares of Dollar General stock in a transaction on Monday, March 26th. The stock was sold at an average price of $93.05, for a total transaction of $764,964.05. Following the sale, the senior vice president now owns 9,850 shares of the company’s stock, valued at approximately $916,542.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in DG. Cerebellum GP LLC bought a new stake in Dollar General during the 4th quarter valued at $130,000. Pin Oak Investment Advisors Inc. bought a new stake in Dollar General during the 4th quarter valued at $142,000. Calton & Associates Inc. bought a new stake in Dollar General during the 4th quarter valued at $144,000. Fieldpoint Private Securities LLC bought a new stake in Dollar General during the 3rd quarter valued at $195,000. Finally, Premia Global Advisors LLC bought a new stake in shares of Dollar General in the 4th quarter worth $195,000. 90.87% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General announced that its Board of Directors has authorized a stock repurchase plan on Thursday, March 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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About Dollar General
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.
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