$0.93 EPS Expected for Dollar General (DG); Whitehorse Finance Has 2.67 Sentiment

Hurricanes led to increased customer traffic at Dollar General stores

Hurricanes led to increased customer traffic at Dollar General stores

On Sunday, August 20 the stock rating was maintained by Piper Jaffray with "Buy".

Excluding items, earnings were 98 cents per share, beating the average analysts' estimate of 94 cents. RBC Capital Markets maintained Dollar General Corporation (NYSE:DG) on Friday, November 10 with "Buy" rating. Finally, Deutsche Bank reiterated a "hold" rating and set a $79.00 price target on shares of Dollar General in a research report on Friday, September 1st.

"The combination of low prices, broad assortment, and convenience will allow Dollar General to continue to grow as the income demographic primarily shopping at the stores has a limited amount of dollars to spend per visit", Moody's Vice President Mickey Chadha said. As per Thursday, March 23, the company rating was downgraded by Credit Suisse. Aperio Ltd Liability Company reported 120,014 shares or 0.05% of all its holdings. 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). Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Savings Bank Of Mellon Corporation holds 0.16% of its portfolio in Dollar General Corporation (NYSE:DG) for 7.82M shares. The 200-day simple moving average is 20.06% and the 20-day simple moving average is 6.01%. The stock has a market cap of $21.23 billion, a P/E ratio of 17.42 and a beta of 0.84. Dollar General has a 52-week low of $65.97 and a 52-week high of $92.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 7th. The current diluted earnings per share guidance range now includes the estimated net negative impact on the third quarter diluted earnings per share results of $0.05 related to the hurricanes.

Dollar General saw its sales jump 4.3 percent in the previous fiscal quarter, thanks in part to Texas and Florida residents stocking up for the hurricanes.

Investors has seen a return of equity of 22.30%. "During the quarter, we effectively balanced our same-store sales growth while achieving gross profit rate expansion and continuing our planned investments in the business".

In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction dated Tuesday, September 12th. Prudential Financial Inc. now owns 453,353 shares of the company's stock worth $32,682,000 after acquiring an additional 97,120 shares during the last quarter. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The institutional investor owned 30,776 shares of the company's stock after buying an additional 971 shares during the period.

Large investors have recently modified their holdings of the stock.

Mutual of America Capital Management LLC boosted its stake in Dollar General Corp.

The stock decreased 0.48% or $0.12 during the last trading session, reaching $24.64. The stock had a trading volume of 3,743,000 shares, compared to its average volume of 2,845,262. Commonwealth Of Pennsylvania School Empls Retrmt System reported 18,743 shares.

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. Shell Asset Management holds 37,895 shares or 0.07% of its portfolio. Finally, Jackson Square Partners LLC purchased a new position in Dollar General Corp. during the third quarter valued at approximately $229,515,000.

TRADEMARK VIOLATION WARNING: This article was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece of content on another domain, it was stolen and republished in violation of US and worldwide copyright and trademark law. Dollar General will also remodel 1,000 older stores, modernizing and adding refrigerated coolers to sell more fresh food and more space for health and beauty products.

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