Dollar General Corp. (NYSE:DG) SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the transaction, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Dollar General Corp. (NYSE:DG) traded up $0.14 on Friday, hitting $90.93. 3,919,575 shares of the stock traded hands, compared to its average volume of 2,907,674. The firm has a market capitalization of $24,655.26, a PE ratio of 19.74, a PEG ratio of 1.79 and a beta of 0.96. Dollar General Corp. has a 1-year low of $65.97 and a 1-year high of $96.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $0.89 EPS. equities research analysts forecast that Dollar General Corp. will post 4.48 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 annualized dividend and a yield of 1.14%. Dollar General’s dividend payout ratio (DPR) is 23.01%.
DG has been the subject of several research analyst reports. Deutsche Bank raised shares of Dollar General from a “hold” rating to a “buy” rating and increased their target price for the stock from $79.00 to $93.00 in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Tuesday, November 14th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $89.00 target price on shares of Dollar General in a research note on Tuesday, November 14th. Bank of America reaffirmed a “buy” rating and set a $90.00 target price on shares of Dollar General in a research note on Friday, August 25th. Finally, MKM Partners increased their target price on shares of Dollar General to $96.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $85.54.
A number of large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its holdings in Dollar General by 4.0% in the third quarter. Parametric Portfolio Associates LLC now owns 2,018,527 shares of the company’s stock valued at $163,602,000 after acquiring an additional 77,715 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Dollar General by 168.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after acquiring an additional 10,167,321 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in Dollar General in the third quarter valued at approximately $654,000. Fieldpoint Private Securities LLC acquired a new stake in Dollar General in the third quarter valued at approximately $195,000. Finally, California Public Employees Retirement System raised its holdings in Dollar General by 5.5% in the third quarter. California Public Employees Retirement System now owns 622,211 shares of the company’s stock valued at $50,430,000 after acquiring an additional 32,411 shares in the last quarter. 89.90% of the stock is currently owned by hedge funds and other institutional investors.
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Dollar General Company Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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