Diehard Bargain Hunter: Dollar General Corporation (DG), Conduent Incorporated (CNDT)

Elias Hubbard
December 8, 2017

Deutsche Bank reiterated a "hold" rating and set a $79.00 price target on shares of Dollar General in a report on Friday, September 1st.

Several equities research analysts recently weighed in on DG shares. Clarivest Asset Management Ltd Liability reported 18 shares. UBS restated a "buy" rating and issued a $99.00 price target (up previously from $85.00) on shares of Dollar General in a research note on Monday.

Dollar General still plans to open about 1,285 new stores, as well as remodeling or relocating 760 locations, in fiscal 2017. The stock of Dollar General Corporation (NYSE:DG) has " rating given on Friday, November 20 by BB&T Capital. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. BidaskClub raised Dollar General from a "hold" rating to a "buy" rating in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of "Hold" and an average target price of $83.12. Scotia Cap Inc has invested 0.03% in Dollar General Corporation (NYSE:DG). 3,743,000 shares of the company traded hands, compared to its average volume of 2,845,262. The firm has "Hold" rating given on Thursday, June 1 by BMO Capital Markets.

Dollar General earned net income of 93 cents per share. CNDT comes in with a P/S ratio of 0.53 that's below 1, potentially implying that it could be cheap relative to the overall sector (2.66) and its peers (4.72).

Dollar General narrowed its fiscal 2017 GAAP diluted earnings per share to $4.37 to $4.47, compared to its prior guidance range of $4.35 to $4.50. In the same period of a year ago, the retailer said it had EPS of $0.89 and $5.32 billion in revenue. Dollar General had a return on equity of 22.67% and a net margin of 5.38%.

On the books, Dollar General's cash and cash equivalents totaled $226.2 million at the end of the quarter, up from $200.2 million at the end of the same period past year. The consensus estimates are $4.51 in EPS and $23.4 billion in revenue for the full year.

In other Dollar General news, EVP Robert D. Ravener sold 11,257 shares of the business's stock in a transaction dated Tuesday, September 12th.

Company value continue to stay above its 200 day MA at 20.06%, and as stocks continue to hit support at $72.63, MA is by definition slow to react to real time price movements. Scharf Investments Llc bought 741,049 shares as the company's stock declined 7.36% while stock markets rallied. (NYSE:DG) by 21.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Nordea Invest Ab owns 1.07 million shares or 0.19% of their USA portfolio. The Illinois-based Rivernorth Capital Management Llc has invested 0.94% in the stock.

"We remain excited about the future for Dollar General", noted Vasos. Ameriprise Financial Inc. now owns 3,573,530 shares of the company's stock worth $257,611,000 after buying an additional 1,914,303 shares during the period.

Kdi Capital Partners Llc decreased Dollar General Corp (DG) stake by 67.47% reported in 2017Q2 SEC filing. Harbour Capital Advisors LLC raised its position in shares of Dollar General by 7,109.3% during the second quarter. The institutional investor held 2.75 million shares of the department and specialty retail stores company at the end of 2017Q2, valued at $197.92M, up from 2.00M at the end of the previous reported quarter. Meeder Asset Management Inc. lifted its position in shares of Dollar General by 22,950.0% in the 3rd quarter. It increased, as 62 investors sold DG shares while 193 reduced holdings.

TRADEMARK VIOLATION WARNING: This article was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright legislation. Utah Retirement reported 0.08% in Dollar General Corporation (NYSE:DG). This same-store sales increase was attributable to positive results in the consumables, seasonal and apparel categories, partially offset by negative results in the home products category.

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