Jefferies Financial Group Comments on Dollar General Corp.’s FY2020 Earnings (NYSE:DG)

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Dollar General Corp. (NYSE:DG) – Investment analysts at Jefferies Financial Group raised their FY2020 earnings per share (EPS) estimates for shares of Dollar General in a research note issued on Thursday, December 5th. Jefferies Financial Group analyst C. Mandeville now forecasts that the company will earn $6.65 per share for the year, up from their prior forecast of $6.59. Jefferies Financial Group also issued estimates for Dollar General’s Q3 2021 earnings at $1.55 EPS, FY2021 earnings at $7.36 EPS, FY2022 earnings at $8.12 EPS and FY2023 earnings at $8.93 EPS.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Dollar General had a net margin of 6.09% and a return on equity of 25.53%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.89 billion. During the same period last year, the firm posted $1.26 EPS. Dollar General’s revenue for the quarter was up 8.9% compared to the same quarter last year.

Several other research analysts have also recently issued reports on DG. Oppenheimer raised shares of Dollar General to an “overweight” rating and raised their target price for the stock from $153.00 to $173.00 in a report on Friday, September 6th. Credit Suisse Group upped their price target on shares of Dollar General from $130.00 to $154.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Telsey Advisory Group increased their price target on Dollar General from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday. Loop Capital reaffirmed a “buy” rating and set a $175.00 price target (up from $156.00) on shares of Dollar General in a research report on Thursday, August 29th. Finally, Barclays lifted their price objective on Dollar General from $141.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $162.95.

DG stock opened at $154.72 on Monday. The company has a market capitalization of $39.87 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 2.10 and a beta of 0.51. Dollar General has a 12 month low of $98.08 and a 12 month high of $166.98. The firm’s fifty day simple moving average is $159.63 and its 200-day simple moving average is $146.85. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.12 and a quick ratio of 0.12.

Several institutional investors have recently made changes to their positions in DG. Creative Planning boosted its position in Dollar General by 5.3% during the second quarter. Creative Planning now owns 9,219 shares of the company’s stock worth $1,246,000 after purchasing an additional 464 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Dollar General by 3.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 109,979 shares of the company’s stock valued at $14,865,000 after buying an additional 3,867 shares in the last quarter. Dupont Capital Management Corp lifted its position in shares of Dollar General by 9.3% during the 2nd quarter. Dupont Capital Management Corp now owns 98,952 shares of the company’s stock valued at $13,374,000 after buying an additional 8,446 shares in the last quarter. Aperio Group LLC grew its position in shares of Dollar General by 4.8% in the second quarter. Aperio Group LLC now owns 219,352 shares of the company’s stock valued at $29,648,000 after purchasing an additional 10,113 shares during the period. Finally, Weatherly Asset Management L. P. boosted its holdings in Dollar General by 3.1% in the 2nd quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock worth $353,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 91.71% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Earnings History and Estimates for Dollar General (NYSE:DG)

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