Dollar General Corporation (DG) Issues Quarterly Earnings Results
Dollar General Corporation (NYSE:DG) issued its earnings results on Thursday. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.09 by $0.01, MarketWatch Earnings reports. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year.
Dollar General Corporation (NYSE DG) opened at 76.73 on Thursday. The stock has a market capitalization of $21.04 billion, a PE ratio of 17.35 and a beta of 0.93. The firm has a 50-day moving average price of $73.82 and a 200-day moving average price of $72.86. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $80.67. Dollar General Corporation also was the recipient of some unusual options trading activity on Monday. Stock traders bought 9,363 put options on the stock. This is an increase of approximately 477% compared to the typical daily volume of 1,622 put options.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.36%. Dollar General Corporation’s dividend payout ratio (DPR) is currently 23.48%.
Several brokerages have commented on DG. Bank of America Corporation restated a “buy” rating and issued a $90.00 target price on shares of Dollar General Corporation in a research note on Friday, August 25th. BMO Capital Markets set a $85.00 target price on Dollar General Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price target on the stock in a report on Friday, June 2nd. BidaskClub raised Dollar General Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $76.00 price target on shares of Dollar General Corporation in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $81.56.
Several hedge funds have recently added to or reduced their stakes in the stock. Sun Life Financial INC raised its stake in Dollar General Corporation by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after buying an additional 1,817 shares during the last quarter. Alpha Windward LLC raised its stake in shares of Dollar General Corporation by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after buying an additional 56 shares during the last quarter. Huntington National Bank raised its stake in shares of Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after buying an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dollar General Corporation by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after buying an additional 48 shares during the last quarter. Finally, Welch Group LLC raised its stake in shares of Dollar General Corporation by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after buying an additional 483 shares during the last quarter. 90.28% of the stock is currently owned by hedge funds and other institutional investors.
About Dollar General Corporation
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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