KeyCorp Brokers Raise Earnings Estimates for Dollar General Corp. (DG)
Dollar General Corp. (NYSE:DG) – Equities research analysts at KeyCorp boosted their Q3 2019 earnings per share estimates for shares of Dollar General in a research note issued on Thursday, August 30th. KeyCorp analyst B. Thomas now anticipates that the company will earn $1.26 per share for the quarter, up from their previous forecast of $1.25. KeyCorp also issued estimates for Dollar General’s Q4 2019 earnings at $1.95 EPS, FY2019 earnings at $6.08 EPS and FY2020 earnings at $6.64 EPS.
Several other research firms have also recently commented on DG. Barclays decreased their target price on Dollar General from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, June 1st. Telsey Advisory Group decreased their target price on Dollar General from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, June 1st. Deutsche Bank raised their target price on Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Moffett Nathanson cut Dollar General from a “neutral” rating to a “sell” rating in a research note on Friday, May 11th. Finally, MKM Partners raised their target price on Dollar General to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $103.33.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.03. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The company had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period last year, the company earned $1.10 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in the business. Bristol John W & Co. Inc. NY grew its stake in Dollar General by 1.4% in the second quarter. Bristol John W & Co. Inc. NY now owns 635,269 shares of the company’s stock valued at $62,638,000 after acquiring an additional 9,074 shares during the period. Global X Management Co LLC grew its stake in Dollar General by 216.7% in the second quarter. Global X Management Co LLC now owns 5,770 shares of the company’s stock valued at $569,000 after acquiring an additional 3,948 shares during the period. California Public Employees Retirement System grew its stake in Dollar General by 30.8% in the second quarter. California Public Employees Retirement System now owns 863,194 shares of the company’s stock valued at $85,111,000 after acquiring an additional 203,497 shares during the period. Glenmede Trust Co. NA grew its stake in Dollar General by 57.7% in the second quarter. Glenmede Trust Co. NA now owns 1,116,087 shares of the company’s stock valued at $110,046,000 after acquiring an additional 408,216 shares during the period. Finally, Argent Trust Co acquired a new stake in Dollar General in the second quarter valued at approximately $573,000. 94.28% of the stock is owned by hedge funds and other institutional investors.
In other Dollar General news, EVP Robert D. Ravener sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $100.03, for a total value of $1,000,300.00. Following the completion of the sale, the executive vice president now owns 38,307 shares of the company’s stock, valued at $3,831,849.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 1.06%. Dollar General’s dividend payout ratio (DPR) is presently 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.
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.