|Bid||123.00 x 800|
|Ask||137.49 x 800|
|Day's Range||134.07 - 138.11|
|52 Week Range||96.37 - 145.06|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||22.52|
|Earnings Date||Aug 28, 2019 - Sep 3, 2019|
|Forward Dividend & Yield||1.28 (0.91%)|
|1y Target Est||140.24|
Ross Stores (ROST) opens 28 outlets across 10 different states in June and July. Further, the company is on track to meet its target of inaugurating 100 stores in fiscal 2019.
Dollar General (NYSE:DG) stores are not all the same.They look the same on the outside and, to some extent on the inside. But if you look closely, they're all different.Many small towns have a Dollar General because they're just too small to support a Walmart (NYSE:WMT) or even a standard grocery store. Some Dollar Generals sell high-end booze and cigarettes. Others are food deserts, with just frozen food and ready-to-eat snacks, surrounded by miles of poverty.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Defense Stocks to Buy to Fortify Your Portfolio This is how Dollar General sawed off the challenge of Dollar Tree (NASDAQ:DLTR) after that company bought Family Dollar in 2015. Since then, Family Dollar has been closing hundreds of outlets, whose one-size-fits-all stocking can't compete. Over the last two years Dollar General's stock gain of 91.5% has nearly doubled the 52% gain of its rival, even though the Dollar Tree chain itself caters to upper-income shoppers. The Secret of Dollar GeneralMost reporters who covered the "dollar store war" early in this decade missed the point, because most finance reporters seldom leave their desks.It was the differences among individual Dollar General stores that let DG win the war. Neighborhoods that liked pork rinds got pork rinds. Small towns where some people made more money got higher-end merchandise. One size does not fit all.Editorial prejudice still prevents reporters from seeing it. Dollar stores are still covered as though they're all one thing.Dollar General stores can thrive in towns under 20,000, where people are making under $40,000 per year. It's this ability to make a profit from poor people that gives Dollar General its bad reputation.As farming communities plunge into feudalism, with just a few remote landowners and a lot of poverty, Dollar General expands. It's not always welcomed by everyone, but, for towns that might die otherwise it's a godsend. Don't Blame DGPoor counties blame Dollar General for their poverty, for taking what money their people do have and spiriting it away for plastic chairs and off-brand detergent.But where people do have money Dollar General can deal with it, adding seasonal merchandise, FedEx (NYSE:FDX) package drop-offs and delivery, Western Union (NYSE:WU) wire transfers, even fresh produce if there's a market for it.Dollar General reflects its markets. This is the mirror poor neighborhoods don't want held up to them. Dollar General can scoop up whatever money a small town or ghetto might have. Once it is established, it can then cater to whatever middle-class incomes exist there. That's also part of its business model. The Dollar General Stock Success StoryThis has made Dollar General a great momentum stock, a company that can prosper in both good times and bad.Dollar General isn't a fast-growing company, but it is growing. Sales are up 25% over the last three years, and Dollar General brings 6% of that to the net income line. That's twice what Kroger (NYSE:KR) does, and more than three times what mighty Walmart can do.This means Dollar General sports a market cap of almost $36 billion on sales of $25 billion. For a retailer this is insane. The only one that can beat it is Costco Wholesale (NASDAQ:COST), which is worth 87% of sales. The Bottom LineDollar General has the reputation of being a bottom feeder, but the bottom must be fed. The company knows which markets it can serve and learns to serve those markets.The mirror Dollar General holds up to its customers, and to the rest of us, may distress some, but it's what we are. If we change, the store will change with us.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in KR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post The Different Faces of Dollar General appeared first on InvestorPlace.
In May 2019, Dollar General Corporation (NYSE:DG) released its earnings update. Generally, analyst consensus outlook...
An Indiana judge sided with Dollar General in a negligence lawsuit filed by a former U.S. Xpress (NYSE: USX) delivery driver, who claimed his arm was ripped from its socket while unloading an overweight container at one of its stores in May of 2016. Indiana U.S. District Court Judge Tanya Walton Pratt granted Dollar General's motion for summary judgment on July 16, claiming the discount chain relinquished all control over the trailer and its contents to U.S. Xpress and its delivery driver, Lee Till, once the truck left its distribution center, according to the agreed-upon dedicated account contract.
This morning, Dollar General (DG) welcomed employees, their families and local and state officials to celebrate the official grand opening of the Company’s 16th distribution center in Longview, Texas. At full capacity, the state-of-the-art Longview facility is expected to employ more than 400 people and support approximately 1,000 Dollar General stores. “Today marks another growth milestone for Dollar General in the great state of Texas as we celebrate the grand opening of our Longview distribution center alongside employees, their families and local and state officials,” said Todd Vasos, Dollar General’s CEO.
PriceSmart's (PSMT) sound fundamentals, healthy renewal rates, constant-currency sales, focus on omni-channel platform and strong balance sheet fortify its position.
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The average salary at the distribution center will be about $9,000 higher than the average annual income for the county's 49,500 residents.
T. Rowe Price saw 14 of its U.S. stock mutual funds outperform the S&P; 500\. Are you invested in any of them?
Casey's (CASY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Dollar General Corp NYSE:DGView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for DG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting DG. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding DG are favorable, with net inflows of $8.15 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Ross Stores (ROST) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
DEEP DIVE Investors clearly find the U.S. stock market an attractive haven in a world of incredibly low (or negative) interest rates. The S&P 500 Index (SPX) hit an all-time intraday high on July 10, rising above 3,000 for the first time, before closing at 2,993.
Casey's (CASY) is benefiting from its value-creation plan, which includes the fleet card program. Also, the company is on track with store expansion.
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Investors remain concerned about PriceSmart's (PSMT) bottom-line performance that continued to decline year over year for the third quarter in row.
Dollar General's (DG) everyday low-price model is anticipated to drive traffic persistently despite the rising popularity of online retailers.