Dollar General Corp. (NYSE:DG) – KeyCorp lowered their FY2019 EPS estimates for Dollar General in a report issued on Tuesday, December 4th. KeyCorp analyst B. Thomas now expects that the company will post earnings of $6.02 per share for the year, down from their previous forecast of $6.08. KeyCorp also issued estimates for Dollar General’s Q4 2019 earnings at $1.89 EPS and FY2020 earnings at $6.60 EPS.
Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The business had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS.
Other research analysts have also recently issued reports about the company. MKM Partners upped their price objective on Dollar General to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Deutsche Bank upped their price objective on Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Dollar General in a research report on Monday, August 20th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Finally, Zacks Investment Research raised Dollar General from a “sell” rating to a “buy” rating and set a $115.00 target price for the company in a research report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Dollar General currently has a consensus rating of “Buy” and an average price target of $107.26.
NYSE:DG opened at $106.68 on Thursday. The stock has a market cap of $27.64 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. Dollar General has a 1 year low of $85.54 and a 1 year high of $118.45. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.46.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be given 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 payout ratio is 25.84%.
A number of institutional investors have recently bought and sold shares of DG. Bank of New York Mellon Corp lifted its position in Dollar General by 23,132.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock worth $366,909,000 after acquiring an additional 3,342,455 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Dollar General during the 3rd quarter worth approximately $108,509,000. Alecta Pensionsforsakring Omsesidigt acquired a new stake in Dollar General during the 3rd quarter worth approximately $98,907,000. Millennium Management LLC lifted its position in Dollar General by 140.6% during the 2nd quarter. Millennium Management LLC now owns 1,345,577 shares of the company’s stock worth $132,674,000 after acquiring an additional 786,382 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Dollar General by 12.4% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock worth $635,987,000 after acquiring an additional 711,483 shares during the period. 94.23% of the stock is owned by institutional investors.
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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