Dollar General Corp. (NYSE:DG) – Investment analysts at KeyCorp lowered their FY2019 earnings estimates for Dollar General in a research note issued on Tuesday, December 4th. KeyCorp analyst B. Thomas now forecasts that the company will post earnings per share of $6.02 for the year, down from their prior estimate of $6.08. KeyCorp also issued estimates for Dollar General’s Q4 2019 earnings at $1.89 EPS and FY2020 earnings at $6.60 EPS.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis.

A number of other analysts also recently issued reports on the company. Credit Suisse Group set a $108.00 price target on Dollar General and gave the company a “hold” rating in a research report on Tuesday. ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. UBS Group reissued a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Dollar General in a research note on Monday, October 15th. Finally, Buckingham Research assumed coverage on Dollar General in a research note on Tuesday, September 25th. They set a “buy” rating and a $125.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $107.26.

Shares of NYSE DG opened at $104.10 on Thursday. Dollar General has a 52 week low of $85.54 and a 52 week high of $118.45. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $27.64 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 1.27 and a beta of 0.84.

In related news, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the completion of the transaction, the executive vice president now owns 50,747 shares in the company, valued at approximately $5,657,783.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Dollar General by 23,132.8% during the third quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock worth $366,909,000 after purchasing an additional 3,342,455 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Dollar General in the third quarter valued at $108,509,000. Alecta Pensionsforsakring Omsesidigt purchased a new position in Dollar General in the third quarter valued at $98,907,000. Millennium Management LLC increased its holdings in Dollar General by 140.6% in the second quarter. Millennium Management LLC now owns 1,345,577 shares of the company’s stock valued at $132,674,000 after buying an additional 786,382 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Dollar General by 12.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock valued at $635,987,000 after buying an additional 711,483 shares during the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.

Dollar General Company Profile

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.

See Also: Earnings Reports

Earnings History and Estimates for Dollar General (NYSE:DG)

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