Dollar General 3rd-qtr comp sales beat on hurricane-fueled demand

Dollar General 3rd-qtr comp sales beat on hurricane-fueled demand

(NYSE:DG) by 33.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. Following the transaction, the executive vice president now directly owns 22,598 shares of the company's stock, valued at approximately $1,740,046. Tredje AP fonden's holdings in Dollar General were worth $1,792,000 at the end of the most recent reporting period. Janus Henderson Group PLC raised its stake in Dollar General by 1,959.3% during the 2nd quarter. Bank of America upgraded Dollar General Corporation (NYSE:DG) rating on Wednesday, May 4. It also reduced its holding in Willis Towers Watson Pub Ltd by 57,717 shares in the quarter, leaving it with 709,215 shares, and cut its stake in Spdr S&P 500 Etf Tr (SPY). Atlanta Capital Management Co. FMR LLC now owns 5,915,175 shares of the company's stock valued at $426,424,000 after purchasing an additional 1,345,562 shares in the last quarter. Finally, Emerald Advisers Inc. Longview Partners Guernsey LTD grew its stake in Dollar General by 41.3% during the 3rd quarter. Great West Life Assurance Communication Can reported 0.04% of its portfolio in Dollar General Corporation (NYSE:DG). "The move has also helped Dollar General increase average transaction values". "The company is capturing a more significant share of spending from middle income and more affluent Americans". Pine River Capital Lp invested 0.36% in Dollar General Corporation (NYSE:DG). Sii Investments Wi has invested 0.03% of its portfolio in Dollar General Corporation (NYSE:DG). The stock had a trading volume of 3,743,000 shares, compared to its average volume of 2,845,262.

Buzz surrounding Dollar General's high-growth strategy has been loud over the past few fiscal years, and it looks like 2018 will be no exception. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. The company has a market cap of $24,694.42, a P/E ratio of 20.04, a P/E/G ratio of 1.78 and a beta of 0.96.

Dollar General Corporation (NYSE:DG) stock has seen a rise as of late. Analysts expected the tough second quarter, projecting on average adjusted earnings of 7 cents a share on sales of $141.8 million, according to FactSet, but the forecast was a different story. Dollar General had a net margin of 5.38% and a return on equity of 22.67%. Q3 net sales increased 11.0 percent, reaching $5.90 billion. Dollar General had revenue of $5.3 billion in last year's third quarter. During the same period in the previous year, the firm earned $0.89 EPS. equities research analysts predict that Dollar General Corp. will post 4.5 earnings per share for the current year. Stockholders of record on Tuesday, January 9th will be given a dividend of 0.26 per share on Tuesday, January 23rd.

As with most large market cap stocks, it has a good dividend yield of 1.14%. Dollar General's payout ratio is 23.48%.

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DG has been the topic of a number of research analyst reports. Finally, Royal Bank Of Canada reissued a "buy" rating and issued a $85.00 target price on shares of Dollar General in a report on Tuesday, October 10th. Johnson Rice downgraded Dollar General Corporation (NYSE:DG) on Friday, August 26 to "Accumulate" rating. Covering sell-side analysts are estimating company growth for next year to be 10.33%. At the time of writing, the First Call consensus price target for the company is $84.61.

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Scharf Investments Llc increased its stake in Dollar Gen Corp New (DG) by 36.97% based on its latest 2017Q2 regulatory filing with the SEC. Vigilant Capital Management Ltd Liability Corporation has invested 1.25% in Dollar General Corporation (NYSE:DG). On a merchandise basis, consumables, seasonal and apparel categories drove comps, partially offset by negative results in the home products category. The firm offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise sweets, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.

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