Dollar General Extends Streak of Rising Sales, Plans 900 More Stores

Dollar General Extends Streak of Rising Sales, Plans 900 More Stores

Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company's stock worth $146,000 after buying an additional 48 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Dollar General by 27.3% during the 2nd quarter. 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. Sales growth quarter over quarter is 8.10%, with EPS growth quarter over quarter coming to a value of -0.30%. Atlanta Capital Management Co. The firm has "Buy" rating given on Thursday, June 1 by RBC Capital Markets. Conning holds 0.02% of its portfolio in Dollar General Corporation (NYSE:DG) for 6,090 shares. Total shares outstanding is 275.12, with shares float coming to 272.95. Nordea Invest Ab owns 1.07 million shares or 0.19% of their USA portfolio. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

"The company [is] the closest and most convenient general merchant for millions", GlobalData Retail analyst Neil Saunders told CNNMoney. According to the latest data, the consensus recommendation for Dollar General Corporation (DG) is Outperform. UBS reiterated a "buy" rating and set a $99.00 target price (up previously from $85.00) on shares of Dollar General in a report on Monday. Deutsche Bank maintained the shares of DG in report on Wednesday, October 7 with "Buy" rating. Jefferies maintained the shares of DG in report on Tuesday, August 22 with "Hold" rating. Ltd. increased its holdings in shares of Dollar General by 5.2% during the 3rd quarter. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The company now has a consensus rating of "Hold" and an average price target of $82.93. Gateway Advisers invested 0.01% in Dollar General Corporation (NYSE:DG). (NYSE:DG) traded up $0.48 during trading hours on Thursday, reaching $90.85. Finally, its 100-day average volume is 2,627,203 shares with 100% of long-term indicators pointing to Buy. This public company's current market capitalization stands at $24.99 billion. 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 attributed the decrease to higher markdowns, mainly for promotional activities; a greater proportion of sales of consumables, which generally have a lower gross profit rate than other product categories; and sales of lower-margin products comprising a higher proportion of consumables sales.

Dollar General Corporation (NYSE:DG) has a 20-day RSI of 69.92%. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). In the same period of a year ago, the retailer said it had EPS of $0.89 and $5.32 billion in revenue.

Investors has seen a return of equity of 22.30%.

Analyst Insights On 2 Stocks: Office Depot, Inc. (ODP), AeroVironment, Inc. (AVAV)
Currently, 23.53 million total shares are owned by the public and among those 21.17 million shares have been available to trade. The company was maintained on Tuesday, August 15 by Piper Jaffray. (NASDAQ: ODP ) on Thursday, September 28 with "Hold" rating.

More notable recent Dollar General Corporation (NYSE:DG) news were published by: Nasdaq.com which released: "January 2018 Options Now Available For Dollar General (DG)" on December 07, 2017, also Nasdaq.com with their article: "Mid-Morning Market Update: Markets Rise; Dollar General Beats Q3 Expectations" published on December 07, 2017, Nasdaq.com published: "Earnings Reaction History: Dollar General Corporation, 72.7% Follow-Through ..." on December 07, 2017.

During the quarter, same-store sales increased 4.3%, driven by increases in average transaction amount and customer traffic. Stockholders of record on Tuesday, July 11th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. Sanford C. Bernstein initiated coverage on Dollar General Corp.in a report on Monday, February 6th.

Shares of Dollar General Corp. "(DG)" was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this story on another website, it was copied illegally and reposted in violation of United States and worldwide copyright & trademark legislation.

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