Dollar General tops Wall Street's third-quarter forecasts

Dollar General tops Wall Street's third-quarter forecasts

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.

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