Latest Stocks: Jefferies Group Equities Analysts Lower Earnings Estimates for Dollar General Corp. (DG)

Latest Stocks: Jefferies Group Equities Analysts Lower Earnings Estimates for Dollar General Corp. (DG)

Several other analysts have also recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corp. in a research note on Wednesday. Gordon Haskett assumed coverage on Dollar General Corp. in a research note on Tuesday, May 9th. They issued a “reduce” rating and a $67.00 price objective on the stock. Buckingham Research reiterated a “neutral” rating and issued a $75.00 price objective on shares of Dollar General Corp. in a research note on Tuesday, April 18th. Deutsche Bank AG reiterated a “hold” rating and issued a $78.00 price objective on shares of Dollar General Corp. in a research note on Thursday, April 6th. Finally, Vetr cut Dollar General Corp. from a “strong-buy” rating to a “buy” rating and set a $76.50 price objective on the stock. in a research note on Monday, March 27th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $82.68.

Dollar General Corp. (NYSE:DG) – Investment analysts at Jefferies Group reduced their FY2019 earnings per share (EPS) estimates for shares of Dollar General Corp. in a report released on Friday. Jefferies Group analyst D. Binder now forecasts that the company will post earnings of $4.85 per share for the year, down from their prior forecast of $4.88. Jefferies Group has a “Hold” rating and a $68.00 price objective on the stock. Jefferies Group also issued estimates for Dollar General Corp.’s FY2021 earnings at $5.69 EPS and FY2022 earnings at $6.17 EPS.

Several other analysts have also recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $88.00 price objective on shares of Dollar General Corp. in a research note on Wednesday. Gordon Haskett assumed coverage on Dollar General Corp. in a research note on Tuesday, May 9th. They issued a “reduce” rating and a $67.00 price objective on the stock. Buckingham Research reiterated a “neutral” rating and issued a $75.00 price objective on shares of Dollar General Corp. in a research note on Tuesday, April 18th. Deutsche Bank AG reiterated a “hold” rating and issued a $78.00 price objective on shares of Dollar General Corp. in a research note on Thursday, April 6th. Finally, Vetr cut Dollar General Corp. from a “strong-buy” rating to a “buy” rating and set a $76.50 price objective on the stock. in a research note on Monday, March 27th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $82.68. Dollar General Corp. (NYSE:DG) traded down 0.18% during trading on Monday, hitting $70.81. 1,346,341 shares of the stock were exchanged. The firm has a 50-day moving average of $71.02 and a 200-day moving average of $73.34. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 15.98 and a beta of 0.84. Dollar General Corp. has a 52 week low of $66.50 and a 52 week high of $96.88.

Dollar General Corp. (NYSE:DG) last released its quarterly earnings data on Thursday, March 16th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.08. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.96 billion. Dollar General Corp. had a net margin of 5.70% and a return on equity of 22.79%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. The business also recently declared a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Tuesday, April 11th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.47%. This is a positive change from Dollar General Corp.’s previous quarterly dividend of $0.25. Dollar General Corp.’s dividend payout ratio (DPR) is currently 23.53%.

Several institutional investors have recently added to or reduced their stakes in DG. Alpha Windward LLC raised its position in Dollar General Corp. by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares in the last quarter. Destination Wealth Management bought a new position in Dollar General Corp. during the third quarter worth about $202,000. Levin Capital Strategies L.P. bought a new position in Dollar General Corp. during the fourth quarter worth about $222,000. Wrapmanager Inc. bought a new position in Dollar General Corp. during the fourth quarter worth about $229,000. Finally, National Asset Management Inc. raised its position in Dollar General Corp. by 8.6% in the first quarter. National Asset Management Inc. now owns 3,273 shares of the company’s stock worth $230,000 after buying an additional 258 shares in the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors. Dollar General Corp. Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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