Dollar General Corp. (NYSE:DG) – Jefferies Group raised their Q1 2019 earnings per share estimates for shares of Dollar General in a research note issued to investors on Friday. Jefferies Group analyst D. Binder now expects that the company will post earnings of $1.37 per share for the quarter, up from their previous forecast of $1.16. Jefferies Group also issued estimates for Dollar General’s Q3 2019 earnings at $1.19 EPS and FY2023 earnings at $8.67 EPS.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank increased their price target on Dollar General to $97.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Wednesday, November 1st. UBS Group reissued a “buy” rating and issued a $99.00 price target (up previously from $85.00) on shares of Dollar General in a research note on Monday, December 4th. Raymond James Financial reissued a “buy” rating and issued a $107.00 price target on shares of Dollar General in a research note on Sunday, December 3rd. Finally, MKM Partners increased their price target on Dollar General to $96.00 and gave the company a “buy” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar General currently has an average rating of “Buy” and an average target price of $91.98.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the company earned $0.89 EPS. Dollar General’s revenue for the quarter was up 11.0% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were given a dividend of $0.26 per share. The ex-dividend date was Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. Dollar General’s payout ratio is 23.06%.
In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total value of $1,055,064.08. Following the transaction, the executive vice president now owns 22,598 shares in the company, valued at $2,097,320.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the transaction, the senior vice president now owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,916 shares of company stock worth $1,924,881. 0.32% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in DG. Cerebellum GP LLC bought a new position in Dollar General in the fourth quarter worth approximately $130,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $142,000. Calton & Associates Inc. purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $144,000. Meeder Asset Management Inc. raised its stake in shares of Dollar General by 22,950.0% in the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in shares of Dollar General in the third quarter worth approximately $195,000. Institutional investors and hedge funds own 88.44% of the company’s stock.
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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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