Dollar General Corp. (NYSE:DG) – Research analysts at Jefferies Group cut their FY2018 earnings per share estimates for Dollar General in a research report issued to clients and investors on Thursday. Jefferies Group analyst D. Binder now expects that the company will earn $4.48 per share for the year, down from their prior forecast of $4.53. Jefferies Group currently has a “Hold” rating and a $73.00 target price on the stock. Jefferies Group also issued estimates for Dollar General’s Q4 2018 earnings at $1.44 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.55 EPS, FY2019 earnings at $4.92 EPS, FY2020 earnings at $5.24 EPS and FY2021 earnings at $5.67 EPS.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The business 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 was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday, August 28th. BidaskClub raised Dollar General from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Bank of America reissued a “buy” rating and set a $90.00 target price on shares of Dollar General in a research note on Friday, August 25th. 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. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $85.00 target price on shares of Dollar General in a research note on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $85.54.
Dollar General (NYSE:DG) traded down $2.12 during mid-day trading on Monday, reaching $91.23. The company had a trading volume of 3,630,581 shares, compared to its average volume of 2,862,458. The firm has a market capitalization of $25,358.61, a P/E ratio of 20.30, a PEG ratio of 1.85 and a beta of 0.96. Dollar General has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. 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 declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Monday, January 8th. Dollar General’s payout ratio is 23.01%.
Institutional investors have recently bought and sold shares of the business. Van Den Berg Management I Inc. lifted its holdings 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 worth $13,800,000 after purchasing an additional 53,105 shares in the last quarter. Parsec Financial Management Inc. lifted its holdings in shares of Dollar General by 11.9% in the 3rd quarter. Parsec Financial Management Inc. now owns 40,590 shares of the company’s stock worth $3,290,000 after purchasing an additional 4,312 shares in the last quarter. Jackson Square Partners LLC raised its position in 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 buying an additional 415,584 shares during the last quarter. Sigma Planning Corp purchased a new stake in Dollar General in the 2nd quarter valued at $202,000. Finally, Prudential Financial Inc. raised its position in Dollar General by 27.3% in the 2nd quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock valued at $32,682,000 after buying an additional 97,120 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.
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.
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.