Dollar General (DG) Issues FY20 Earnings Guidance
Dollar General (NYSE:DG) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $6.30-6.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.65. The company issued revenue guidance of +7% to approximately $27.42 billion, compared to the consensus revenue estimate of $27.50 billion.Dollar General also updated its guidance to EPS.
Several research firms have issued reports on DG. Zacks Investment Research lowered shares of Dollar General from a hold rating to a sell rating in a report on Wednesday, February 13th. Telsey Advisory Group restated an outperform rating and set a $126.00 price target on shares of Dollar General in a report on Thursday. Credit Suisse Group set a $108.00 price target on shares of Dollar General and gave the stock a hold rating in a report on Monday, November 26th. Citigroup raised their price target on shares of Dollar General from $120.00 to $144.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Finally, ValuEngine lowered shares of Dollar General from a buy rating to a hold rating in a research note on Wednesday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company. Dollar General has a consensus rating of Buy and an average price target of $116.64.
NYSE:DG opened at $111.64 on Friday. The firm has a market capitalization of $31.44 billion, a PE ratio of 24.86, a P/E/G ratio of 1.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.22. Dollar General has a twelve month low of $86.87 and a twelve month high of $121.27.
In related news, EVP Robert D. Ravener sold 32,492 shares of Dollar General stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the sale, the executive vice president now owns 33,307 shares of the company’s stock, valued at approximately $3,718,060.41. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.
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Dollar General Company Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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