Heading into the earnings release, covering analysts have a consensus target price of $81.56 on Dollar General Corporation shares.
Dollar General Corporation (NYSE:DG) will have earnings take center stage when the firm posts their results on 8/31/2017 8:30:00 AM.
Analysts are already expecting more growth from Dollar General in the future.
Dollar General operated 14,000 stores in 44 states as of August 19.
Beta is also an important valuation ratio for analyzing the stock of the company, DG has its industry and Sector's beta remains at 0.88 and 0.8 respectively. The stock has risen slightly more than 1 percent in the last 12 months. The company said it had net income of $295 million, or $1.08 a share, in the quarter, compared with $307 million, or $1.08 a share, in the year-earlier period.
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Shares of Dollar General Corporation (NYSE DG) opened at 76.73 on Thursday. Over the past month the firm's stock is 1.60%, -1.87% for the last quarter, 3.59% for the past six-months and 1.43% for the previous year.
Dollar General (dg) said Thursday its profit margins narrowed in the second quarter, stoking fears that it was cutting prices more aggressively to better compete in a retail industry altered by Amazon's purchase of Whole Foods Market.
Coming off a year of growth, Dollar General is seeing some tangible return from its investments. Hayek Kallen Investment Management now owns 6,610 shares of the company's stock worth $477,000 after buying an additional 850 shares during the last quarter. The company's 50 day moving average price is $73.82 and its 200 day moving average price is $72.86. The company plans to convert these store sites to the Dollar General banner by the end of November this year. Dollar General Corporation's yield ratio (DPR) is presently 23.48%. The stock declined 1.13% or $0.87 reaching $76.04 on the news. On average, equities analysts forecast that Dollar General Corporation will post $4.51 EPS for the current fiscal year. Stock investors bought 9,363 put options on the company. Investors of record on Tuesday, October 10th will be issued a dividend of $0.26 per share. If you are accessing this report on another publication, it was stolen and reposted in violation of USA & worldwide copyright laws.
Several research analysts have recently weighed in on DG shares.
Excluding items, Dollar General earned $1.10 per share, beating analysts' average estimate of $1.09. Bank of America maintained it with "Buy" rating and $90 target in Friday, August 25 report. Finally, BidaskClub upgraded shares of Dollar General Corporation from a "hold" rating to a "buy" rating in a research report on Friday, August 25th. Also, there are 2 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.34 average brokerage recommendation. The stock now has an average rating of "Hold" and a consensus price target of $81.56. The discount retailer noted that this boosted result was driven by positive results in the consumables category, amongst contributions from its other categories as well. 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.