The rating was maintained by Bank of America with "Buy" on Friday, August 25.
Excluding items, earnings were 98 cents per share, beating the average analysts' estimate of 94 cents. Scharf Investments Llc who had been investing in Dollar Gen Corp New for a number of months, seems to be bullish on the $25.51B market cap company. On Wednesday, December 2 the stock rating was maintained by RBC Capital Markets with "Outperform". Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Janus Capital Management LLC now owns 4,024,301 shares of the company's stock valued at $298,080,000 after buying an additional 1,036,189 shares in the last quarter. The company presently has a consensus rating of "Hold" and an average target price of $83.12.
Based on current stock levels, Dollar General Corporation shares are trading 0.92% off of the 50-day high and 17.92% away from the 50-day low. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Dollar General has a 52-week low of $65.97 and a 52-week high of $92.11. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th.
The company said that it had $0.98 in earnings per share (EPS) on $5.9 billion in revenue, which compares with consensus estimates from Thomson Reuters of $0.94 in EPS on revenue of $5.8 billion. Dollar General had a return on equity of 22.67% and a net margin of 5.38%. Longview Partners Guernsey LTD raised its stake in Dollar General by 41.3% during the 3rd quarter.
Dollar General Corp (DG.N) on Thursday reported better-than-expected comparable sales for the third quarter, as hurricanes led to increased traffic and higher spending at its stores.
In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction dated Tuesday, September 12th.
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Company value continue to stay above its 200 day MA at 20.06%, and as stocks continue to hit support at $72.63, MA is by definition slow to react to real time price movements. Renaissance Group Ltd Limited Liability Company holds 0.98% or 370,217 shares. (NYSE:DG) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Dollar General Corporation is comprised of insider ownership at 0.10% and institutional ownership of *TBA.
Large investors have recently modified their holdings of the stock. L L C lifted its holdings in shares of Dollar General by 319.8% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company's stock worth $132,000 after buying an additional 1,817 shares in the last quarter. The Illinois-based Rivernorth Capital Management Llc has invested 0.94% in the stock. The stock decreased 0.44% or $0.4 during the last trading session, reaching $90.37. Tarbox Family Office Incorporated reported 54 shares.
"The company [is] the closest and most convenient general merchant for millions", GlobalData Retail analyst Neil Saunders told CNNMoney.
For the 2017 39-week period, Dollar General reported net income of $827 million, or $3.02 per diluted share, versus net income of $837 million, or $2.95 per diluted share, for the year-ago period.
New Vernon Investment Management Llc holds 3.56% of its portfolio in Nuveen Mortgage Opportunity Term Fund 2 for 110,390 shares.
TRADEMARK VIOLATION WARNING: This article was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another website, it was copied illegally and reposted in violation of United States and global copyright & trademark legislation. Cornerstone Mngmt Holding has invested 0.02% in Dollar General Corporation (NYSE:DG). The Company's consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.