Dollar General Corp. (NYSE:DG) – Stock analysts at Oppenheimer upped their Q3 2020 EPS estimates for shares of Dollar General in a report issued on Wednesday, March 27th, according to Zacks Investment Research. Oppenheimer analyst R. Parikh now forecasts that the company will post earnings per share of $1.40 for the quarter, up from their prior estimate of $1.34. Oppenheimer currently has a “Outperform” rating and a $130.00 target price on the stock. Oppenheimer also issued estimates for Dollar General’s Q4 2020 earnings at $2.11 EPS.
A number of other research analysts have also commented on the stock. Bank of America set a $133.00 price objective on shares of Dollar General and gave the company a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $121.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Zacks Investment Research lowered shares of Dollar General from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Evercore ISI started coverage on shares of Dollar General in a research report on Wednesday, March 20th. They set an “underperform” rating and a $95.00 price objective for the company. Finally, Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $102.00 to $125.00 in a research note on Monday, March 18th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Dollar General presently has a consensus rating of “Buy” and an average price target of $119.50.
Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.61 billion. Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS.
Hedge funds have recently added to or reduced their stakes in the business. Eaton Vance Management grew its holdings in shares of Dollar General by 0.3% during the 4th quarter. Eaton Vance Management now owns 26,682 shares of the company’s stock valued at $2,884,000 after purchasing an additional 86 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Dollar General by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock valued at $1,658,000 after purchasing an additional 100 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Dollar General by 66.3% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after purchasing an additional 116 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Dollar General by 0.8% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 14,542 shares of the company’s stock valued at $1,572,000 after purchasing an additional 117 shares during the last quarter. Finally, Kaizen Advisory LLC grew its holdings in shares of Dollar General by 19.7% during the 4th quarter. Kaizen Advisory LLC now owns 742 shares of the company’s stock valued at $80,000 after purchasing an additional 122 shares during the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.
In other Dollar General news, EVP Robert D. Ravener sold 38,659 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $119.84, for a total value of $4,632,894.56. Following the transaction, the executive vice president now directly owns 39,739 shares of the company’s stock, valued at approximately $4,762,321.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rhonda Taylor sold 16,636 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the completion of the transaction, the executive vice president now directly owns 33,513 shares in the company, valued at $4,009,495.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,282 shares of company stock valued at $15,926,314. 0.41% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. This is an increase from Dollar General’s previous quarterly dividend of $0.29. Dollar General’s dividend payout ratio (DPR) is 21.44%.
Dollar General Company Profile
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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