Dollar General 2nd-qtr comparable sales beat estimates
01 September, 2017, 01:22 | Author: Regina Lloyd
Dollar General Corporation (NYSE:DG) tinted loss of -0.21% (-0.16 points) to US$76.73. Homrich & Berg increased its stake in shares of Dollar General Corporation by 2.2% in the second quarter. The company had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.80 billion.
CEO Jane Jie Sun reflected on the quarter, saying, "We are pleased with the strong operating and financial results in the second quarter". Dollar General Corp. had 75 analyst reports since August 13, 2015 according to SRatingsIntel. Spot Trading Ltd Co invested in 1,540 shares or 0% of the stock. On a per share basis, net income was flat at $1.08 per share as the company had fewer shares outstanding.
ARGA Investment Management upped its stake in Dollar General Corporation (NYSE:DG) by 400.0% through out the Fiscal Q2, based on the latest 13F form document with the SEC. The analysts estimated EPS for the higher end at 0.96 and lower end at 0.83 while the year ago reported earnings per share was 1.05. (NYSE:DG) news were published by: Businessinsider.com which released: "Dollar General same-store sales beat" on August 31, 2017, also Seekingalpha.com with their article: "Dollar General Corporation: Competing Successfully Against Wal-Mart..." Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. After a recent look, shares have been seen 4.19% from the 200-day moving average, and 4.50% from the 50-day moving average.
Dollar General operated 14,000 stores in 44 states as of August 19, 2017. Finally, Harbour Capital Advisors LLC raised its stake in Dollar General Corporation by 7,109.3% in the second quarter. The stock declined 1.13% or $0.87 reaching $76.04 on the news. During the same period in the previous year, the firm earned $1.03 EPS. Stock traders bought 9,363 put options on the stock. This represents an increase of approximately 477% compared to the typical daily volume of 1,622 put options. Gordon Haskett upgraded shares of Dollar General Corporation from a "reduce" rating to an "accumulate" rating in a research note on Thursday, June 1st.
A number of key analysts, polled by FactSet, shared their views about the current stock momentum. Morgan Stanley reiterated an "overweight" rating and set a $85.00 price target on shares of Dollar General Corporation in a report on Tuesday, June 6th. The stock now has an average rating of "Hold" and a consensus price target of $81.56. If you are accessing this report on another publication, it was stolen and reposted in violation of US & global copyright laws. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. Bank of America maintained it with "Buy" rating and $90 target in Friday, August 25 report. The Firm offers a selection of merchandise, including consumables, seasonal, home products and apparel. Investors may be reacting to the even better financial report last week by competitor Dollar Tree, which used cost-cutting to achieve a 36% increase in profitability, setting a high bar for the retailer. The Company's consumables category includes paper and cleaning products; 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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