Dollar General Corporation (NYSE:DG) Sees Volume Pop in Session

Dollar General Corporation (NYSE:DG) Sees Volume Pop in Session

Dollar General Corporation (NYSE:DG) Sees Volume Pop in Session

Meeder Asset Management Inc. now owns 2,305 shares of the company's stock valued at $187,000 after acquiring an additional 2,295 shares in the last quarter. L L C lifted its holdings in shares of Dollar General by 319.8% during the 2nd quarter. Dollar Tree's sales in existing stores rose 3.3% in the most recent quarter. Those institutional holdings amount to $22.72 billion. Finally, Jackson Square Partners LLC purchased a new position in Dollar General Corp. during the third quarter valued at approximately $229,515,000.

The retailer said Hurricanes Harvey and Irma contributed 30-35 basis points to comparable sales growth, while hurting profit by 5 cents per share in the reported quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company's stock worth $141,877,000 after buying an additional 1,543,619 shares during the period. Nomura Asset Management Co. Dollar General still plans to open about 1,285 new stores, as well as remodeling or relocating 760 locations, in fiscal 2017. 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. "The move has also helped Dollar General increase average transaction values". Institutional investors and hedge funds own 81.93% of the company's stock.

Shares of Dollar General Corp. (NYSE:DG) traded up $0.48 on Thursday, hitting $90.85. 3,743,000 shares of the company traded hands, compared to its average volume of 2,845,262. 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 $25.51 billion market cap company. Moreover, Point72 Asia (Hong Kong) has 0.06% invested in Dollar General Corporation (NYSE:DG) for 848 shares.

Dollar General (NYSE:DG) had its price target increased by analysts at Deutsche Bank to $97.00 in a report released on Thursday. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.94 by ($0.01).

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Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter previous year, the company posted $1.03 earnings per share. Dollar General Corporation (NYSE:DG)'s EPS growth this year is 12.30% and the trailing 12-month EPS is $4.42. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.26 per share. Dollar General's dividend payout ratio is presently 23.48%.

Several analysts have weighed in on DG shares.

Vasos estimated that 75% percent of the USA population will be within five miles of a Dollar General location by the end of fiscal 2017. RBC Capital Markets has "Buy" rating and $85.0 target. Raymond James Financial reiterated a "buy" rating on shares of Dollar General in a report on Sunday.

The stock's 50-day average volume has been 2,318,666 shares, with an average of 100% of medium term indicators pointing toward Buy. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus price target of $82.93.

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In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction on Tuesday, September 12th. The sale was disclosed in a filing with the SEC, which is accessible through this link. "We anticipate that 75% of the USA population will be within five miles of a Dollar General by the end of fiscal 2017". Athena Capital Advisors Llc, a Massachusetts-based fund reported 63,211 shares. If you are viewing this article on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright & trademark legislation.

It has been a long while for Dollar General Corporation, since its IPO date on 11/13/2009.

Same-store sales increases were driven by positive results in the consumables, seasonal and apparel categories, partially offset by negative results in the home products category.

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