DRI - Darden Restaurants, Inc.

NYSE - NYSE Delayed Price. Currency in USD
114.42
-1.32 (-1.14%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close115.74
Open115.66
Bid114.44 x 900
Ask122.00 x 800
Day's Range113.82 - 115.87
52 Week Range84.37 - 124.00
Volume1,162,055
Avg. Volume1,195,345
Market Cap14.071B
Beta (3Y Monthly)0.76
PE Ratio (TTM)21.16
EPS (TTM)5.41
Earnings DateJun 19, 2019 - Jun 24, 2019
Forward Dividend & Yield3.00 (2.47%)
Ex-Dividend Date2019-04-09
1y Target Est127.60
Trade prices are not sourced from all markets
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    Potential for Improvement Seems Already Priced Into Dollar Tree Stock

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Any improvement in the chain -- or benefits from the rebranding -- can accelerate growth and boost Dollar Tree's overall prospects.The store closures should help margins. Existing stores are being moved to a new model, known internally as H2. Under the new model, merchandise offerings are improved, including $1 Dollar Tree-branded merchandising. Early tests have been hugely successful, per the Q4 release. The addition of alcohol sales and expanded freezers should help as well. Management expects a 1.5-point boost to comp store sales once the initiatives are fully in place. That's a big number for a chain that has barely grown same-store sales at all of late. Earnings Growth Should Help Dollar Tree StockIt will take some time for the efforts to bear fruit. Management actually is guiding for operating income to decline year-over-year in the first half before an improvement in the second half. Full-year adjusted EPS is expected to slip, in part due to a higher tax rate. * The Elite 8 Stocks to Buy for Massive Outperformance But in fiscal 2020, Dollar Tree expects earnings growth to accelerate markedly, with initial guidance for a 14-18% EPS increase. That suggests something in the range of $6.20 per share -- and a roughly 17x forward P/E multiple for DLTR stock.Against mid-teens earnings per share growth, that figure seems cheap. And there are potentially levers to pull beyond remodeling and rebranding Family Dollar stores. Management is testing price points beyond the $1 figure, a suggestion made by activist Starboard Value. Starboard has had some big wins in recent years -- among them Advance Auto Parts (NYSE:AAP) and Olive Garden owner Darden Restaurants (NYSE:DRI) -- and DLTR could benefit from its expertise in targeting consumers.Family Dollar's multi-year disappointment suggests a revitalized business could have years of growth ahead of it. 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  • Markit16 days ago

    See what the IHS Markit Score report has to say about Darden Restaurants Inc.

    Darden Restaurants Inc NYSE:DRIView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for DRI 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 DRI. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding DRI are favorable, with net inflows of $11.03 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. DRI credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.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.

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