Dollar General Corp. (NYSE:DG) – Investment analysts at KeyCorp issued their Q3 2017 earnings estimates for shares of Dollar General Corp. in a report released on Wednesday. KeyCorp analyst B. Thomas expects that the brokerage will earn $0.92 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Dollar General Corp.’s Q4 2017 earnings at $1.48 EPS, FY2017 earnings at $4.51 EPS and FY2018 earnings at $4.83 EPS.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The business earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the previous year, the business posted $0.95 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year.
Several other analysts also recently weighed in on DG. Zacks Investment Research upgraded Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, July 5th. Morgan Stanley boosted their price objective on Dollar General Corp. from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, July 18th. Deutsche Bank AG downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and boosted their price objective for the company from $95.00 to $99.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Jefferies Group downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $101.00 to $96.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. Finally, Macquarie lowered their price objective on Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $89.42.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.53% during trading on Friday, reaching $68.98. The company’s stock had a trading volume of 1,761,745 shares. The firm has a market cap of $19.43 billion, a P/E ratio of 16.13 and a beta of 0.74. Dollar General Corp. has a one year low of $59.75 and a one year high of $96.88. The stock’s 50 day moving average is $71.26 and its 200 day moving average is $84.31.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Monday, September 12th. Dollar General Corp.’s dividend payout ratio (DPR) is currently 23.42%.
In related news, Director Michael M. Calbert acquired 13,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were purchased at an average price of $75.53 per share, with a total value of $981,890.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William C. Rhodes III acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was bought at an average cost of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. 0.22% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in Dollar General Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock valued at $106,000 after buying an additional 81 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Dollar General Corp. by 45.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $175,000 after buying an additional 579 shares during the period. Sigma Planning Corp bought a new position in Dollar General Corp. during the second quarter valued at approximately $200,000. Burns J W & Co. Inc. NY bought a new position in Dollar General Corp. during the second quarter valued at approximately $203,000. Finally, Nuveen Fund Advisors LLC bought a new position in Dollar General Corp. during the second quarter valued at approximately $205,000. 85.44% of the stock is currently owned by hedge funds and other institutional investors.
About Dollar General Corp.
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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