Dollar General Corp. (NYSE:DG) – Equities researchers at Jefferies Financial Group cut their FY2019 earnings per share estimates for Dollar General in a research note issued to investors on Tuesday, December 4th. Jefferies Financial Group analyst C. Mandeville now anticipates that the company will post earnings per share of $6.02 for the year, down from their previous estimate of $6.10. Jefferies Financial Group also issued estimates for Dollar General’s Q4 2019 earnings at $1.88 EPS.
Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis.
Other research analysts also recently issued research reports about the stock. Loop Capital upped their price objective on shares of Dollar General from $97.00 to $105.00 and gave the stock a “hold” rating in a report on Thursday, August 30th. Buckingham Research began coverage on shares of Dollar General in a report on Tuesday, September 25th. They issued a “buy” rating and a $125.00 target price for the company. ValuEngine upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Zacks Investment Research upgraded shares of Dollar General from a “sell” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, August 14th. Finally, Wells Fargo & Co increased their target price on shares of Dollar General from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $107.26.
DG opened at $106.68 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.21 and a current ratio of 1.55. Dollar General has a 1-year low of $85.54 and a 1-year high of $118.45. The firm has a market cap of $27.64 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th will be issued a dividend of $0.29 per share. The ex-dividend date is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.09%. Dollar General’s dividend payout ratio (DPR) is presently 25.84%.
A number of hedge funds and other institutional investors have recently bought and sold shares of DG. Cornerstone Wealth Management LLC purchased a new stake in Dollar General during the second quarter worth about $325,000. Dupont Capital Management Corp increased its holdings in Dollar General by 56.5% during the second quarter. Dupont Capital Management Corp now owns 2,273 shares of the company’s stock worth $224,000 after buying an additional 821 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Dollar General by 5.8% during the second quarter. Commonwealth Equity Services LLC now owns 13,626 shares of the company’s stock worth $1,344,000 after buying an additional 749 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Dollar General during the second quarter worth about $823,000. Finally, First Trust Advisors LP increased its holdings in Dollar General by 2.1% during the second quarter. First Trust Advisors LP now owns 160,996 shares of the company’s stock worth $15,874,000 after buying an additional 3,364 shares during the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.
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, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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