How Dollar General Earnings Are Pushing the Stock to New Highs


The institutional investor owned 8,000 shares of the company's stock after purchasing an additional 2,000 shares during the period. Psagot Investment House Ltd.'s holdings in Dollar General were worth $2,294,000 as of its most recent filing with the SEC. It also reduced its holding in Canadian Pac Ry Ltd (NYSE:CP) by 184,974 shares in the quarter, leaving it with 1,875 shares, and cut its stake in Motorola Solutions Inc (NYSE:MSI). Sei Invs holds 248,950 shares or 0.07% of its portfolio. PA purchased a new stake in Dollar General during the third quarter valued at $344,000. Prudential Financial Inc. now owns 453,353 shares of the company's stock worth $32,682,000 after buying an additional 97,120 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Dollar General by 2.3% during the 3rd quarter. L L C now owns 1,241,424 shares of the company's stock worth $89,495,000 after buying an additional 945,673 shares during the last quarter. Finally, Capital International Investors grew its stake in Dollar General by 1.8% during the 2nd quarter. Tightening the gaze, stock performance for the last 5 trading days is 2.45%.

In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction on Tuesday, September 12th. MKM Partners increased their target price on Dollar General to $96.00 and gave the stock a "buy" rating in a report on Monday, November 20th. Moffett Nathanson began coverage on Dollar General in a report on Monday. As per Tuesday, June 6, the company rating was maintained by Morgan Stanley. Raymond James Financial reiterated a "buy" rating on shares of Dollar General in a report on Sunday. The stock of Dollar General Corporation (NYSE:DG) earned "Neutral" rating by Goldman Sachs on Tuesday, September 6. At the time of writing, the First Call consensus price target for the company is $84.61. Millennium Mngmt Limited Com has invested 0.01% in Dollar General Corporation (NYSE:DG). Dollar General Corporation (NYSE:DG) has declined 12.26% since December 7, 2016 and is downtrending.

The stock increased 2.63% or $2.39 during the last trading session, reaching $93.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18.

Buzz surrounding Dollar General's high-growth strategy has been loud over the past few fiscal years, and it looks like 2018 will be no exception. Scotia Cap Inc has invested 0.03% in Dollar General Corporation (NYSE:DG). The company fell a penny short of a MarketBeat-published diluted earnings per share analyst average estimate. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion.

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.

While much of the retail sector has been closing stores and laying off workers for years, Goodlettsville, Tenn. -based Dollar General has been opening locations and hiring throughout the U.S. Early this year, the company announced it planned to create 10,000 jobs in 2017 with the opening of 1,000 stores and two distribution centers. Stockholders of record on Tuesday, January 9th will be given a dividend of 0.26 per share on Tuesday, January 23rd. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. Dollar General's dividend payout ratio (DPR) is presently 23.48%. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares of the company's stock, valued at approximately $1,740,046. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another domain, it was illegally copied and republished in violation of worldwide trademark & copyright law. The new store growth includes the rebranding of 263 locations acquired in Dollar General's 2017 Q2. The company noted in its release that this increase in sales was positively affected by sales from new stores, and modestly offset by sales from closed stores.