Deutsche Bank Reiterates Hold Rating & $72 PT on Dollar General (DG) Following 2Q Report; 'Solid SSS, But Lack of Flow-Through Keeps Us Sidelined'
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Dollar General (DG) PT Raised to $73 at Jefferies; Reiterates Hold
September 1, 2017 8:15 AM EDTJefferies raised its price target on Dollar General (NYSE: DG) to $73.00 (from $68.00) while maintaining a Hold rating following the company's 2Q. DGs sales accelerated along with other discount retailers. Sales seemed to benefit most from price investment. Adjusted EPS of $1.10 beat the Streets $1.09, driven by... More
Wall Street gains on data and Mnuchin tax reform remarks
August 31, 2017 7:41 AM EDTBy Sinead Carew
NEW YORK (Reuters) - U.S. stocks closed higher on Thursday as investors reacted to economic data and took cautious hope from Washington's latest promises for long-awaited details of a tax reform plan.
The S&P 500 has been building momentum this week, notching five days of gains for the first time in three months as investors showed confidence a day after the benchmark closed above its 50-day moving average. This was a technical level that acted as resistance in the past week.
"People are coming back from vacation and noticing the market is... More
Dollar General (DG) Beats Q2 EPS by 1c, Beats on Revenues; Boosts FY17 EPS Guidance
August 31, 2017 6:56 AM EDT(Updated - August 31, 2017 6:59 AM EDT)
Dollar General (NYSE: DG) reported Q2 EPS of $1.10, $0.01 better than the analyst estimate of $1.09. Revenue for the quarter came in at $5.83 billion versus the consensus estimate of $5.8 billion.
Net Sales Increased 8.1%; Same-Store Sales Increased 2.6%Diluted Earnings Per Share of $1.08, Including Approximately $0.02 Charge Primarily for Lease Termination Costs$306 Million of Capital Returned to Shareholders Year to Date Through the Second QuarterBoard of... More