Dollar General Corp. (NYSE:DG) – Equities research analysts at Jefferies Financial Group reduced their FY2019 earnings per share estimates for Dollar General in a report issued on Tuesday, December 4th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Mandeville now forecasts that the company will earn $6.02 per share for the year, down from their prior estimate of $6.10. Jefferies Financial Group also issued estimates for Dollar General’s Q4 2019 earnings at $1.88 EPS.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $118.00 price target for the company in a research report on Thursday, October 4th. Buckingham Research initiated coverage on shares of Dollar General in a research report on Tuesday, September 25th. They issued a “buy” rating and a $125.00 price target for the company. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday. Citigroup lowered their price target on shares of Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, December 10th. Finally, Deutsche Bank upped their price target on shares of Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $108.00.
DG stock traded up $0.61 during mid-day trading on Thursday, reaching $107.07. The company had a trading volume of 2,341,880 shares, compared to its average volume of 3,013,675. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.22. The company has a market capitalization of $27.99 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.24 and a beta of 0.84. Dollar General has a 12 month low of $85.54 and a 12 month high of $118.45.
Dollar General (NYSE:DG) last issued its earnings results on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS.
A number of large investors have recently bought and sold shares of the stock. SRS Capital Advisors Inc. acquired a new position in Dollar General during the 3rd quarter valued at approximately $107,000. Signaturefd LLC increased its stake in Dollar General by 74.0% during the 3rd quarter. Signaturefd LLC now owns 1,521 shares of the company’s stock valued at $166,000 after purchasing an additional 647 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in Dollar General during the 3rd quarter valued at approximately $173,000. Financial Counselors Inc. acquired a new position in Dollar General during the 3rd quarter valued at approximately $201,000. Finally, Synovus Financial Corp increased its stake in Dollar General by 73.2% during the 3rd quarter. Synovus Financial Corp now owns 1,826 shares of the company’s stock valued at $201,000 after purchasing an additional 772 shares in the last quarter. 95.04% of the stock is owned by institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.08%. Dollar General’s payout ratio is 25.84%.
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.