Dollar General Sees Gain, Loss From Weather in Q3

Andrew Cummings
December 8, 2017

Several other research firms have also weighed in on DG. Macquarie Research maintained Dollar General Corporation (NYSE:DG) on Friday, August 26 with "Outperform" rating. UBS restated a "buy" rating and issued a $99.00 price target (up previously from $85.00) on shares of Dollar General in a research note on Monday. As per Thursday, March 23, the company rating was downgraded by Credit Suisse. Amica Mutual Insur Company reported 56,120 shares or 0.37% of all its holdings. Janus Capital Management LLC now owns 4,024,301 shares of the company's stock valued at $298,080,000 after buying an additional 1,036,189 shares in the last quarter. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company's stock. At the time of writing, the First Call consensus price target for the company is $84.61. Apg Asset Mgmt Nv has invested 0.06% of its portfolio in Dollar General Corporation (NYSE:DG). Barrow Hanley Mewhinney Strauss Limited Co reported 6.05 million shares. The firm has a market cap of $24,694.42, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. 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 Corporation (NYSE:DG) has declined 12.26% since December 7, 2016 and is downtrending.

While Dollar General Corp. experienced an estimated 30- to 35-basis-point net benefit from hurricane-related sales during its third quarter of fiscal 2017, the company did end up taking a hit from the storms, in the form of an estimated 5-cent negative impact on its diluted earnings per share. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion.

Investors has seen a return of equity of 22.30%. Longview Partners Guernsey LTD raised its stake in Dollar General by 41.3% during the 3rd quarter. Same-store sales - or sales in stores open at least a year, a key indicator of a retailer's health - were up 4.3 percent over last year's quarter.

In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total value of $866,789.00. Panagora Asset Mngmt holds 10,007 shares or 0% of its portfolio. (NYSE:DG) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Advisors Asset Management Inc. owns 712,361 shares or 0.16% of their U.S. portfolio. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. Janus Henderson Group PLC raised its stake in Dollar General by 1,959.3% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company's stock worth $132,000 after buying an additional 1,817 shares in the last quarter. Atlanta Capital Management Co. The stock had a trading volume of 3,743,000 shares, compared to its average volume of 2,845,262. Tarbox Family Office Incorporated reported 54 shares. Parsec Financial Management Inc. now owns 40,590 shares of the company's stock worth $3,290,000 after buying an additional 4,312 shares during the last quarter. Lvm Capital Mi holds 0.83% of its portfolio in Dollar General Corporation (NYSE:DG) for 45,232 shares. Salem Invest Counselors holds 315 shares or 0% of its portfolio.

Scharf Investments Llc increased its stake in Dollar Gen Corp New (DG) by 36.97% based on its latest 2017Q2 regulatory filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in DG. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright legislation.

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.

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