Dollar General Corp. (NYSE:DG) – Stock analysts at Oppenheimer issued their FY2018 EPS estimates for shares of Dollar General in a research note issued on Tuesday. Oppenheimer analyst R. Parikh expects that the company will earn $4.49 per share for the year. Oppenheimer has a “Outperform” rating and a $112.00 price target on the stock. Oppenheimer also issued estimates for Dollar General’s Q4 2018 earnings at $1.45 EPS, FY2019 earnings at $5.10 EPS and FY2020 earnings at $5.60 EPS.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share.
Several other equities analysts have also recently commented on DG. BMO Capital Markets set a $102.00 target price on shares of Dollar General and gave the company a “hold” rating in a research note on Friday, December 8th. Raymond James Financial set a $107.00 target price on shares of Dollar General and gave the company a “buy” rating in a research note on Saturday, December 9th. Royal Bank of Canada reissued a “buy” rating and set a $85.00 target price on shares of Dollar General in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Deutsche Bank raised their target price on shares of Dollar General to $97.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. Dollar General has an average rating of “Hold” and an average target price of $88.52.
Shares of Dollar General (NYSE:DG) traded up $0.95 during trading hours on Friday, reaching $101.98. 1,833,346 shares of the company traded hands, compared to its average volume of 2,287,942. The company has a market cap of $27,620.00, a P/E ratio of 22.61, a PEG ratio of 1.98 and a beta of 0.95. Dollar General has a 12-month low of $65.97 and a 12-month high of $101.26. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. Dollar General’s dividend payout ratio is currently 23.06%.
In other news, SVP Anita C. Elliott sold 2,012 shares of Dollar General stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the transaction, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Ravener sold 11,368 shares of Dollar General stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock worth $1,924,881 in the last ninety days. Corporate insiders own 0.22% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DG. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Dollar General by 168.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after acquiring an additional 10,167,321 shares in the last quarter. Longview Partners Guernsey LTD increased its position in shares of Dollar General by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after acquiring an additional 3,310,168 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Dollar General by 1,959.3% in the second quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock worth $122,980,000 after acquiring an additional 1,623,070 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Dollar General by 363.7% in the second quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock worth $141,877,000 after acquiring an additional 1,543,619 shares in the last quarter. Finally, FMR LLC increased its position in shares of Dollar General by 29.4% in the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after acquiring an additional 1,345,562 shares in the last quarter. 90.37% of the stock is currently owned by institutional investors and hedge funds.
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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