Dollar General Corporation (NYSE:DG) – Jefferies Group issued their Q1 2019 earnings per share (EPS) estimates for shares of Dollar General Corporation in a note issued to investors on Monday. Jefferies Group analyst D. Binder anticipates that the company will post earnings of $1.14 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $73.00 target price on the stock. Jefferies Group also issued estimates for Dollar General Corporation’s Q2 2019 earnings at $1.19 EPS, Q3 2019 earnings at $0.99 EPS, Q4 2019 earnings at $1.58 EPS, FY2019 earnings at $4.89 EPS and FY2022 earnings at $6.23 EPS.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the business posted $1.08 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis.
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A number of other equities analysts also recently commented on DG. BidaskClub upgraded shares of Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Buckingham Research reiterated a “neutral” rating and issued a $75.00 target price on shares of Dollar General Corporation in a research note on Monday, August 7th. BMO Capital Markets set a $85.00 target price on shares of Dollar General Corporation and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Dollar General Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Loop Capital reiterated a “hold” rating and issued a $76.00 target price on shares of Dollar General Corporation in a research note on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $80.37.
Dollar General Corporation (NYSE DG) traded down $0.60 during trading on Tuesday, hitting $83.55. 2,794,300 shares of the stock were exchanged, compared to its average volume of 2,841,963. Dollar General Corporation has a one year low of $65.97 and a one year high of $85.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42. The firm has a market cap of $22,830.00, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.74 and a beta of 0.93.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.24%. Dollar General Corporation’s dividend payout ratio is presently 23.53%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at $1,740,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sun Life Financial INC increased its holdings in shares of Dollar General Corporation by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the period. Alpha Windward LLC increased its holdings in shares of Dollar General Corporation by 3.0% during the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after purchasing an additional 56 shares during the period. Huntington National Bank increased its holdings in shares of Dollar General Corporation by 4.0% during the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dollar General Corporation by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the period. Finally, Welch Group LLC increased its holdings in shares of Dollar General Corporation by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after purchasing an additional 483 shares during the period. 89.31% of the stock is currently owned by institutional investors.
Dollar General Corporation 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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