Dollar General Corp. (NYSE:DG) – Stock analysts at Jefferies Group boosted their Q1 2019 earnings estimates for shares of Dollar General in a research note issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the company will earn $1.49 per share for the quarter, up from their prior forecast of $1.37. Jefferies Group also issued estimates for Dollar General’s Q2 2019 earnings at $1.50 EPS, Q3 2019 earnings at $1.22 EPS, Q4 2019 earnings at $1.93 EPS, FY2019 earnings at $6.13 EPS, FY2020 earnings at $6.77 EPS and FY2021 earnings at $7.60 EPS.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Telsey Advisory Group upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and raised their target price for the company from $98.00 to $120.00 in a research note on Thursday, January 25th. Wolfe Research upgraded shares of Dollar General from an “underperform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Deutsche Bank raised their price target on shares of Dollar General to $97.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, MKM Partners raised their price target on shares of Dollar General to $96.00 and gave the stock a “buy” rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Dollar General presently has an average rating of “Buy” and a consensus price target of $95.60.
Shares of Dollar General stock traded down $0.78 on Monday, reaching $93.26. 822,451 shares of the company’s stock traded hands, compared to its average volume of 2,751,958. The firm has a market capitalization of $25,915.31, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05. Dollar General has a 52 week low of $65.97 and a 52 week high of $105.82. The company has a current ratio of 1.43, a quick ratio of 0.22 and a debt-to-equity ratio of 0.43.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 15th. The company reported $1.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.48. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.20 billion. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.49 earnings per share.
Institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new position in Dollar General in the fourth quarter valued at $130,000. Pin Oak Investment Advisors Inc. purchased a new position in Dollar General in the fourth quarter valued at $142,000. Calton & Associates Inc. purchased a new position in Dollar General in the fourth quarter valued at $144,000. Fieldpoint Private Securities LLC purchased a new position in Dollar General in the third quarter valued at $195,000. Finally, Premia Global Advisors LLC purchased a new position in Dollar General in the fourth quarter valued at $195,000. 90.86% of the stock is owned by hedge funds and other institutional investors.
Dollar General declared that its board has authorized a share repurchase plan on Thursday, March 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Tuesday, April 10th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.24%. This is a boost from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s dividend payout ratio (DPR) is 18.37%.
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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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