Dollar General (DG) Shares Gap Down on Disappointing Earnings
Dollar General Corp. (NYSE:DG)’s share price gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $111.64, but opened at $111.64. Dollar General shares last traded at $113.46, with a volume of 195101 shares trading hands.
The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.05). Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis.
A number of research analysts have recently commented on DG shares. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Wells Fargo & Co boosted their target price on shares of Dollar General from $118.00 to $129.00 and gave the stock an “outperform” rating in a research report on Friday, January 11th. Citigroup boosted their target price on shares of Dollar General from $120.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. upped their price target on shares of Dollar General to $123.00 and gave the company an “overweight” rating in a report on Wednesday, January 9th. Finally, Morgan Stanley set a $115.00 price target on shares of Dollar General and gave the company a “buy” rating in a report on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Dollar General has an average rating of “Buy” and an average price target of $117.61.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Advocacy Wealth Management Services LLC grew its position in Dollar General by 96.4% in the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after buying an additional 133 shares in the last quarter. WESPAC Advisors SoCal LLC bought a new position in Dollar General in the 4th quarter valued at about $30,000. Whittier Trust Co. grew its position in Dollar General by 66.3% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after buying an additional 116 shares in the last quarter. We Are One Seven LLC bought a new position in Dollar General in the 4th quarter valued at about $35,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Dollar General by 282.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock valued at $41,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.
The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.42 and a beta of 0.71.
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About Dollar General (NYSE:DG)
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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