Dollar General Delivers In Q3, Plans 900 New Stores

Dollar General Delivers In Q3, Plans 900 New Stores

For the 2017 39-week period, Dollar General reported net income of $827 million, or $3.02 per diluted share, versus net income of $837 million, or $2.95 per diluted share, for the year-ago period. Jefferies maintained the shares of DG in report on Tuesday, August 22 with "Hold" rating. Zacks Investment Research lowered Dollar General Corp. from a "hold" rating to a "sell" rating in a research report on Tuesday, March 21st. Janus Capital Management LLC raised its position in Dollar General Corp.by 34.7% in the fourth quarter. Psagot Investment House Ltd. raised its position in Dollar General by 10.8% during the 3rd quarter. The fund owned 3,785,080 shares of the company's stock after purchasing an additional 415,584 shares during the period. Following the completion of the transaction, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. 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. Altfest L J & Co Inc owns 120,904 shares or 1.87% of their USA portfolio. The firm has "Buy" rating given on Thursday, June 1 by RBC Capital Markets.

Scharf Investments Llc, which manages about $2.69 billion and $4.26B US Long portfolio, decreased its stake in Cognizant Technology Solutio (NASDAQ:CTSH) by 227,000 shares to 2.68 million shares, valued at $178.10M in 2017Q2, according to the filing. The sale was disclosed in a filing with the SEC, which is accessible through this link. Hedge funds and other institutional investors own 89.90% of the company's stock. They issued an "outperform" rating and a $91.00 target price for the company. WINTON GROUP Ltd's holdings in Dollar General were worth $716,000 at the end of the most recent reporting period. 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.

Dollar General (NYSE:DG) had its price target increased by analysts at Deutsche Bank to $97.00 in a report released on Thursday. 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. Moffett Nathanson initiated coverage on shares of Dollar General in a research note on Monday. (NYSE DG) traded up $0.48 during mid-day trading on Thursday, reaching $90.85. 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. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18. 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.

More news: More Details on Apple Pay Cash

Dollar General Corp. has a one year low of $66.50 and a one year high of $96.88. For the past month, Dollar General Corporation's stock has been 12.61%, 18.93% for the last quarter, 23.29% for the past six months and 20.03% for the past 52 weeks. The current diluted earnings per share guidance range now includes the estimated net negative impact on the third quarter diluted earnings per share results of $0.05 related to the hurricanes. The company's revenue was up 11.0% on a year-over-year basis.

More notable recent Dollar General Corporation (NYSE:DG) news were published by: Nasdaq.com which released: "Dollar General (DG) Earnings & Sales Beat Estimates in Q3" on December 07, 2017, also Nasdaq.com with their article: "Earnings Reaction History: Dollar General Corporation, 72.7% Follow-Through ..." published on December 07, 2017, Nasdaq.com published: "Mid-Morning Market Update: Markets Rise; Dollar General Beats Q3 Expectations" on December 07, 2017. Waddell Reed invested in 0.09% or 585,005 shares. "(DG)" was posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally copied and reposted in violation of U.S. and global copyright & trademark legislation.

Dollar General Corporation is a discount retailer.

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