Dollar General Corp. (NYSE:DG) – Piper Jaffray Companies lowered their Q1 2020 earnings per share estimates for Dollar General in a research note issued on Tuesday, December 4th. Piper Jaffray Companies analyst P. Keith now expects that the company will earn $1.56 per share for the quarter, down from their previous estimate of $1.62. Piper Jaffray Companies also issued estimates for Dollar General’s FY2020 earnings at $6.79 EPS.
DG has been the subject of several other reports. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Credit Suisse Group set a $108.00 target price on Dollar General and gave the company a “hold” rating in a research note on Monday, November 26th. MKM Partners raised their target price on Dollar General to $117.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Buckingham Research raised their target price on Dollar General from $95.00 to $107.00 and gave the company a “neutral” rating in a research note on Monday, August 27th. Finally, Guggenheim restated a “buy” rating and set a $115.00 target price on shares of Dollar General in a research note on Monday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Dollar General has an average rating of “Buy” and an average target price of $107.26.
Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.26. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The firm had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the firm earned $0.93 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of DG. Cornerstone Wealth Management LLC bought a new position in shares of Dollar General during the second quarter worth about $325,000. Dupont Capital Management Corp lifted its position in shares of Dollar General by 56.5% during the second quarter. Dupont Capital Management Corp now owns 2,273 shares of the company’s stock worth $224,000 after purchasing an additional 821 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Dollar General by 5.8% during the second quarter. Commonwealth Equity Services LLC now owns 13,626 shares of the company’s stock worth $1,344,000 after purchasing an additional 749 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Dollar General during the second quarter worth about $823,000. Finally, First Trust Advisors LP lifted its position in shares of Dollar General by 2.1% during the second quarter. First Trust Advisors LP now owns 160,996 shares of the company’s stock worth $15,874,000 after purchasing an additional 3,364 shares during the last quarter. 94.23% of the stock is currently owned by institutional investors and hedge funds.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.09%. Dollar General’s payout ratio is 25.84%.
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.
Featured Article: Fundamental Analysis and Individual Investors
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.