December 13, 2017

Dollar General Delivers In Q3, Plans 900 New Stores

08 December 2017, 02:43 | Melvin Schneider

Source Shutterstock

Source Shutterstock

Janus Capital Management LLC raised its position in Dollar General 34.7% in the fourth quarter.

Dollar General Corporation is a discount retailer.

A number of other institutional investors have also modified their holdings of the business. Shell Asset Management holds 37,895 shares or 0.07% of its portfolio.

Davidson D A & Company increased Dollar General Corp New (DG) stake by 28.9% reported in 2017Q2 SEC filing. Dollar General had revenue of $5.3 billion in last year's third quarter. Venturi Wealth Management LLC increased its holdings in shares of Dollar General by 33.3% during the 3rd quarter.

The retailer's gross profit, as a percentage of net sales, was 30.3 percent during the 39-week period, a decline of 25 basis points from a year ago.

Mutual of America Capital Management LLC boosted its stake in Dollar General Corp. Ltd. now owns 37,172 shares of the company's stock valued at $3,013,000 after purchasing an additional 1,851 shares in the last quarter. PA acquired a new stake in Dollar General in the 3rd quarter worth about $344,000. 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.

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Dollar General has become a shopping staple across the country. Shares have hit a new 52-week high after reaching $92.96 during recent trading action. The stock had a trading volume of 3,743,000 shares, compared to its average volume of 2,845,262. Total debt to equity ratio of the company for most recent quarter is 0.54 while Long term debt to equity ratio for same time period is 0.47. The firm has a market cap of $24,694.42, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96.

Earnings Per Share (EPS), the portion of a company's profit distributed to each outstanding common share, is a useful indicator of a company's profitability. Presently, it has a Return on Equity (ROE) of 22.30% and Return on Investment (ROI) of 15.70%. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the firm posted $0.89 earnings per share.

An 11 percent increase in net sales helped the discount retailer to a profit of $252.5 million in the quarter, topping Wall Street expectations and the $235.3 million it posted in the same quarter previous year. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.14%. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Moffett Nathanson began coverage on Dollar General in a report on Monday. The stock of Dollar General Corporation (NYSE:DG) earned "Neutral" rating by Goldman Sachs on Tuesday, November 14.

Dollar General's rosy earnings report was similar to that of competitor Dollar Tree Inc. two weeks ago, as the small format chains, often located closer to shoppers than big-box competitors or traditional grocery stores, continue to appeal to budget-minded customers. Macquarie Research maintained Dollar General Corporation (NYSE:DG) on Friday, August 26 with "Outperform" rating. Finally, Deutsche Bank upgraded shares of Dollar General from a "hold" rating to a "buy" rating and boosted their price objective for the company from $79.00 to $93.00 in a report on Wednesday, November 15th.

Among 14 analysts covering IberiaBank (NASDAQ:IBKC), 9 have Buy rating, 0 Sell and 5 Hold. Dollar General now has a consensus rating of "Hold" and an average price target of $82.93. The average 1-year price target for (CNDT) reveals an average price target of $19.36 per share. The sale was disclosed in a filing with the SEC, which is accessible through this link. Duncker Streett & Co owns 500 shares for 0.01% of their portfolio.

ILLEGAL ACTIVITY NOTICE: "Dollar General Corp. (DG)" was posted by Week Herald and is owned by of Week Herald. If you are reading this story on another website, it was copied illegally and reposted in violation of U.S. and global copyright & trademark legislation. More interesting news about Dollar General Corporation (NYSE:DG) were released by: and their article: "Dollar General's surge gets the attention of The Wall Street Journal" published on December 05, 2017 as well as's news article titled: "January 2018 Options Now Available For Dollar General (DG)" with publication date: December 07, 2017. This same-store sales increase was attributable to positive results in the consumables, seasonal and apparel categories, partially offset by negative results in the home products category.

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