Dollar General tops Wall Street's third-quarter forecasts

DG | Stocks Latest Headlines for Dollar General Corp - Barchart.com

WINTON GROUP Ltd's holdings in Dollar General were worth $716,000 at the end of the most recent reporting period. Utah Retirement reported 0.08% in Dollar General Corporation (NYSE:DG). Prudential Financial Inc. now owns 453,353 shares of the company's stock worth $32,682,000 after buying an additional 97,120 shares during the last quarter. Parsec Financial Management Inc. grew its position in Dollar General by 11.9% during the third quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company's stock worth $122,980,000 after buying an additional 1,623,070 shares during the period.

Scharf Investments Llc, which manages about $2.69 billion and $4.26 billion US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 619,765 shares to 1.06M shares, valued at $151.97M in 2017Q2, according to the filing. PA purchased a new stake in Dollar General during the third quarter valued at $344,000. L L C now owns 1,241,424 shares of the company's stock worth $89,495,000 after buying an additional 945,673 shares in the last quarter. The shares were sold at an average price of $77.00, for a total value of $866,789.00.

This likely helped the company net more sales ahead of the disasters, when people stocked up on emergency supplies like flashlights, drinking water and food.

A number of research firms have issued reports on DG. Moffett Nathanson started coverage on Dollar General in a research report on Monday. As per Tuesday, June 6, the company rating was maintained by Morgan Stanley. BMO Capital Markets set a $85.00 price objective on Dollar General and gave the stock a "hold" rating in a report on Tuesday, August 22nd. Deutsche Bank upgraded shares of Dollar General from a "hold" rating to a "buy" rating and upped their price target for the stock from $79.00 to $93.00 in a report on Wednesday, November 15th.

Dollar General has been upgrading its stores and adding hundreds of new locations - part of a bid to go after a broader swath of shoppers, including a more upscale consumer who might not typically visit a dollar store. Piper Jaffray maintained the shares of DG in report on Friday, September 29 with "Buy" rating. Covering sell-side analysts are estimating company growth for next year to be 10.33%. The company presently has a consensus rating of "Hold" and an average target price of $82.93. Millennium Mngmt Limited Com has invested 0.01% in Dollar General Corporation (NYSE:DG). Looking at a shorter time period, shares have been seen 0.27% away from the 50 day high and 17.16% off the 50 day low price. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.42.

Dollar General has been primarily focused on shoppers seeking the absolute lowest prices, but is now trying to attract middle-income shoppers seeking convenience and brands. Research analysts expect Dollar General to earn $4.98 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 20.9%. Q3 net sales increased 11.0 percent, reaching $5.90 billion. Dollar General had a return on equity of 22.67% and a net margin of 5.38%. The consensus estimates are $4.51 in EPS and $23.4 billion in revenue for the full year.

Except for the second quarter, traffic at Dollar General stores declined over the previous year, partly due to reduced food stamp coverage in several USA states.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.14%. Dollar General's payout ratio is now 23.48%.

Psagot Investment House Ltd. lifted its stake in shares of Dollar General Corp. "(DG)" was posted by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another domain, it was stolen and republished in violation of USA and worldwide copyright and trademark law.

Dollar General (NYSE DG) traded up $0.48 during mid-day trading on Thursday, hitting $90.85. The company noted in its release that this increase in sales was positively affected by sales from new stores, and modestly offset by sales from closed stores.

Related News:

  • Why Arshi will become the new captain

    Why Arshi will become the new captain

    The race for captaincy was really strong between Hina and Aarshi and on tonight's episode, Hina will take the battle head on. The discussion will soon turn into a debate and then an argument, and Priyank will tell Luv that they are no longer friends.
    Sen. Al Franken makes announcement about his future

    Sen. Al Franken makes announcement about his future

    His apologies toward numerous accusers, he said , might have given the "false impression" that he was admitting wrongdoing. The calls for Franken's resignation came on the same day that two more women came forward with accusations against him.
    Safest vehicles for 2018

    Safest vehicles for 2018

    Advanced safety technologies helped six Subaru models take home top picks by the Insurance Institute for Highway Safety. The Institute's headlight ratings also are relatively new, with the first ones being released in March 2016.
  • Lone attacker, 20, paid by Uber to delete hacked data

    Lone attacker, 20, paid by Uber to delete hacked data

    Bug bounty programs are typically used to reward security researchers for finding vulnerabilities or flaws in software. Khosrowshahi was hired amid concerns about the practices and ethics of previous members of the senior management team.
    Accused murderer's parents face contempt charges

    Accused murderer's parents face contempt charges

    He was detained after a co-worker told police that Donaldson handed her a bag with a gun inside and told her to watch it for him. Cellphone location data also connected him to areas near the killings when they occurred, the affidavit stated.
    Simmba First Look: Ranveer Singh's Look Reminds You Of Someone!

    Simmba First Look: Ranveer Singh's Look Reminds You Of Someone!

    On work front, Ranveer is now busy in the shooting of Zoya Akhtar directorial project Gully Boy , which also stars Alia Bhatt. Earlier, there were many speculations that Rohit Shetty's next project will be a remake of Anil Kapoor's Ram Lakhan.
  • Patagonia Is Firing Right At The President For Reducing National Monuments

    Patagonia Is Firing Right At The President For Reducing National Monuments

    The suit, which is likely to provoke a prolonged court battle, claims Trump can not legally revoke the land's monument status. The plans would break Bears Ears into two national monuments and Grand Staircase-Escalante into three separate monuments.
    Burnley winger Robbie Brady to have knee surgery

    Burnley winger Robbie Brady to have knee surgery

    We have a laugh, so he's definitely going to be a miss. "I've said many times, we aren't a club that can cherry pick". Brady was stretchered out the match after a nasty looking clash with Leicester defender Harry Maguire .
    Tillerson: Ukraine - biggest obstacle to normal Russian Federation  ties

    Tillerson: Ukraine - biggest obstacle to normal Russian Federation ties

    Secretary of State Rex Tillerson held up the Ukraine crisis Thursday as the sole issue keeping the United States and Russian Federation from forging a closer relationship, arguing that all other disputes are secondary.
  • Taylor Swift speaks on Denver stopover

    Taylor Swift speaks on Denver stopover

    Kesha revealed that she had been speaking to the pop star on the phone in October and had only positive things to say about her. Swift refused to let his attorney place any blame on her, taking an incredible and empowering stance as she spoke in court.
    'Despacito' tops YouTube list of 2017's most-viewed music videos

    'Despacito' tops YouTube list of 2017's most-viewed music videos

    The company is recruiting thousands of reviewers to reduce the amount of "problematic content" on its video platform. More than 150,000 videos of violent extremism have been removed for the site in the past six months, she added.
    Luxury brands win European Union  court ruling on online distribution

    Luxury brands win European Union court ruling on online distribution

    But luxury fashion brands are seem to be unhappy with its distributors selling the brand items online without the permission. The European Court of Justice decided on Wednesday that a ban was "appropriate to preserve the luxury image" of products.


Most liked

Attorney-General warns Odinga's inauguration would be treason
At the same time, the AG warned the 11 counties that passed the people's assembly motion, saying they have committed illegalities.

Pearson (LON:PSON) Stock Rating Reaffirmed by Kepler Capital Markets
The firm operates in three divisions: Federal Family Education Loan Program Loans, Private Education Loans, and Business Services. Saga plc provides insurance, travel, personal finance, and healthcare services and products in the United Kingdom.

Mueller details $3M spent on early months of Russian Federation probe
He said his team is accountable for the work of Mueller and the special counsel team. Funds were spent on personnel, travel and office space, the Justice Department said.

LG V30+ set for December 13 Indian debut
The handset sports USB-C Type for fast charging and data transfer and also supports wireless charging. Measuring 151.7 x 75.4 x 7.3mm, the smartphone comes equipped with a rear mounted fingerprint sensor.

Ford to Test New Self-driving Vehicle Technology in 2018
Ford announced last January that it would invest $700 million and hire 700 workers to make electric and autonomous vehicles at its Flat Rock plant near Detroit.

Men: Dark Phoenix - Fiery First Image Revealed
X-Men: Dark Phoenix , the next installment in Fox's mutant shared universe, is hitting theaters in a little less than a year. Which is your favorite adaptation of X-Men? Kinberg told us, "We really are deep inside it and in prep on it, in truth..."

Dhoni to be back as the leader of Super Kings
The decision was taken following a meeting with the Supreme Court appointed Committee of Administrators (CoA). Either way, a franchise can retain or use RTM for a maximum of three players in the auction.

Growth in health spending slows
CMS attributed much of the increase to a shift toward enrollment in health insurance plans that have high deductible payments. It also noted that private insurers, Medicare and Medicaid all saw spending slowed due to lower growth rates per enrollee.

Apple Pay Cash and person to person payments limits
Users will also be able to make secure purchases in stores, through apps and for online shopping with the expanded services. What Can You Do with Your Apple Pay Cash Balance? Some may like like this, but it seems like an invasion of privacy to me.

Devil May Cry HD Collection Announced For PS4, Xbox One and PC
Devil May Cry HD Collection will launch on PS4, Xbox One and PC on March 13, 2018 and will feature all 3 games remastered in HD. The game is priced at $29.99 in the States, so expect something around the £25-£30 mark over in Blighty.

Snow and ice warning issued as temperatures plunge
Widespread sharp ground frost will form tonight along with icy patches ahead of another cold day on Friday . The RSA posted a video on how to take care on the road in such conditions to their social media pages.

Former Rep. Harold Ford Jr. Fired From Bank Job Over Misconduct Claim
He comes from a prominent political family, as his father, Harold Ford Sr., served 22 years in the House of Representatives. I support and have tremendous respect for the courageous women now speaking out in this important national dialogue.

Osi Umenyiora Has The Perfect Response to Mike Mitchell's Rant (TWEET)
That is far from the case today. "This is a combat, contact sport", Mitchell said, according to the Pittsburgh-Post Gazette . Carolina's three-time Pro Bowl tight end Greg Olsen (foot) returned to practice and is expected to play against Minnesota.

The world's largest Starbucks has landed in Shanghai
Customers have the option of "tasting journeys" to highlight the roastery's food and beverage offerings. The eco-system is mind-boggling where customers could get everything they want under one roof.

Shohei Ohtani, representatives wrap up round of meetings with seven Major League Baseball clubs
Jon Heyman of FanRag Sports is hearing that Shohei Ohtani's decision "could possibly come by early next week". All seven Ohtani finalists have met with the Japanese star and we're probably getting close to a decision.