Dollar General Corporation (DG) shares jumped and closed the day at $93.37, with the percent change of 2.77%. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Dollar General had a net margin of 5.38% and a return on equity of 22.67%.
Net income was $253m, or $0.93 per diluted share, in Q3, compared to $235m, or $0.84 per diluted share, for the same period past year. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company's stock valued at $146,000 after purchasing an additional 48 shares in the last quarter.
But Dollar General, the Tennessee-based discount chain, is bucking the trend.
Dollar General Corp. has a fifty-two week low of $65.97 and a fifty-two week high of $96.60. The company's revenue for the quarter was up 11.0% compared to the same quarter previous year.
Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of Cognizant Technology Solutions Corporation Looking further into the current agreement on broker rating, it is very clear that the ABR stands at 4.58. Dollar General Corp. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Dollar General by 168.0% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 6,422 shares of the company's stock worth $448,000 after buying an additional 102 shares during the period.
Dollar General Corporation (NYSE:DG) soared 26.06% year-to-date. The company has a consensus rating of Hold and an average target price of $83.12. (NYSE DG) traded down 2.343% during trading on Monday, reaching $76.475. On technical aspect, moving averages may help to distinguish path of dispositions, and they may also be used to set degrees of support and resistance. Dollar General Corporation (DG) now trades with a market capitalization of $25.69 Billion.
The company posted revenue of $5.9 billion in the period, which also beat Street forecasts. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.50, which implies that analysts are generally neutral in their outlook for DG over the next year. Stockholders of record on Tuesday, January 9th will be paid a $0.26 dividend. That value represents a market adjusting for revenues that have been growing by 8.09 % on a quarterly year/year basis as of the company's last quarterly report. Dollar General's dividend payout ratio (DPR) is presently 23.48%.
In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction on Tuesday, September 12th. A total of 2.65 million shares exchanged at hands and its average trading volume is standing at 2.48 million shares. Shares of Dollar General Corp. "(DG)" was first posted by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & worldwide copyright and trademark law.
Dollar General has been primarily focused on shoppers seeking the absolute lowest prices, but is now trying to attract middle-income shoppers seeking convenience and brands. 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.