Dollar General (DG) Shares Down 7.5% After Earnings Miss
Dollar General Corp. (NYSE:DG)’s share price was down 7.5% during trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $108.74 and last traded at $111.64. Approximately 11,270,929 shares traded hands during trading, an increase of 401% from the average daily volume of 2,250,119 shares. The stock had previously closed at $120.68.
The company reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.05). Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the business earned $1.48 EPS. Dollar General’s quarterly revenue was up 8.5% compared to the same quarter last year.
DG has been the topic of a number of research reports. Raymond James set a $127.00 price target on shares of Dollar General and gave the stock a “buy” rating in a report on Tuesday, February 26th. Morgan Stanley set a $115.00 price objective on shares of Dollar General and gave the company a “buy” rating in a research note on Wednesday, December 26th. ValuEngine upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Citigroup reduced their price objective on shares of Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, December 10th. Finally, Credit Suisse Group set a $108.00 price objective on shares of Dollar General and gave the company a “hold” rating in a research note on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company. Dollar General currently has a consensus rating of “Buy” and a consensus target price of $115.82.
A number of institutional investors have recently bought and sold shares of the business. Advocacy Wealth Management Services LLC raised its stake in shares of Dollar General by 96.4% during the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after acquiring an additional 133 shares during the last quarter. WESPAC Advisors SoCal LLC bought a new position in shares of Dollar General during the fourth quarter valued at about $30,000. Whittier Trust Co. raised its stake in shares of Dollar General by 66.3% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after acquiring an additional 116 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Dollar General during the fourth quarter valued at about $35,000. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Dollar General by 282.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock valued at $41,000 after acquiring an additional 282 shares during the last quarter. 96.00% of the stock is owned by institutional investors and hedge funds.
The company has a market cap of $31.44 billion, a P/E ratio of 24.86, a PEG ratio of 1.42 and a beta of 0.71. The company has a current ratio of 1.55, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.
COPYRIGHT VIOLATION WARNING: “Dollar General (DG) Shares Down 7.5% After Earnings Miss” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.watchlistnews.com/dollar-general-dg-shares-down-7-5-after-earnings-miss/2890522.html.
Dollar General Company Profile (NYSE:DG)
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
Featured Article: What is the downside to momentum investing?
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.