Published: Fri, December 08, 2017
Finance | By Loren Pratt

Dollar General Comes to Fore on Quarterly Earnings

Dollar General Comes to Fore on Quarterly Earnings

We can find critical insight by examining institutional ownership, which are reported in public companies' most recent 13F filings.

Mutual of America Capital Management LLC boosted its stake in Dollar General Corp. Dollar Tree's sales in existing stores rose 3.3% in the most recent quarter. Psagot Investment House Ltd. now owns 28,298 shares of the company's stock worth $2,294,000 after buying an additional 2,764 shares during the last quarter. Same-store sales increased 4.3 percent. Moreover, Ares Management Llc has 0.13% invested in the company for 411,234 shares. 12Th Street Asset Management Llc accumulated 325,846 shares. Nomura Asset Management Co. It also reduced its holding in Schlumberger Ltd (NYSE:SLB) by 69,466 shares in the quarter, leaving it with 1.70M shares, and cut its stake in Cognizant Technology Solutio (NASDAQ:CTSH). Ltd. now owns 37,172 shares of the company's stock valued at $3,013,000 after purchasing an additional 1,851 shares in the last quarter. Bank of New York Mellon Corp raised its position in Dollar General 20.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company's stock valued at $642,060,000 after acquiring an additional 178,400 shares during the period. Company insiders own 0.22% of the company's stock. Tetrem Mgmt Ltd has invested 1.82% in Dollar General Corporation (NYSE:DG). (NYSE:DG) traded up $0.48 on Thursday, hitting $90.85. Ameriprise Financial Inc. now owns 3,573,530 shares of the company's stock worth $257,611,000 after buying an additional 1,914,303 shares during the period. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. 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. Dollar General Corp. has a one year low of $65.97 and a one year high of $92.11.

Dollar General's gross profit, as a percentage of net sales, was 29.9 percent in the 2017 Q3, an eight-basis-point rise from the same period a year prior.

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. Presently, it has a Return on Equity (ROE) of 22.30% and Return on Investment (ROI) of 15.70%.

Net sales also increased 11% to $5.9 billion, and both average transaction amount and customer traffic saw increases. They expect $0.93 EPS, up 4.49% or $0.04 from last year's $0.89 per share. Stockholders of record on Tuesday, January 9th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.14%. Dollar General's payout ratio is 23.48%.

Several analysts have weighed in on DG shares. Moffett Nathanson began coverage on shares of Dollar General in a research note on Monday. The firm has "Buy" rating by M Partners given on Friday, May 27. Finally, Buckingham Research lowered Dollar General Corp. from a "buy" rating to a "neutral" rating and decreased their target price for the company from $83.00 to $75.00 in a report on Friday, March 10th. Usca Ria Llc reported 51,203 shares.

Excluding items, the company earned 98 cents per share, beating the average analysts' estimate of 94 cents. The company now has a consensus rating of "Hold" and an average price target of $82.93. There were 64 sold out positions, on the other hand, totaling 4,406,144 shares. The stock was sold at an average price of $77.00, for a total value of $866,789.00. BMO Capital Markets maintained the stock with "Hold" rating in Tuesday, August 22 report. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. "We anticipate that 75% of the USA population will be within five miles of a Dollar General by the end of fiscal 2017". If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright legislation.

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. 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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