Dollar General Corp. (NYSE:DG) EVP Robert D. Ravener sold 8,973 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the sale, the executive vice president now directly owns 17,794 shares of the company’s stock, valued at approximately $2,203,253.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Dollar General stock traded down $0.75 on Thursday, reaching $123.55. 1,806,086 shares of the company’s stock were exchanged, compared to its average volume of 2,192,601. Dollar General Corp. has a 52 week low of $86.87 and a 52 week high of $124.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 1.55. The stock has a market capitalization of $32.17 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.55 and a beta of 0.71.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.05). The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 earnings per share. On average, equities research analysts forecast that Dollar General Corp. will post 6.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a $0.32 dividend. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is presently 21.44%.
Several research analysts have commented on the company. Zacks Investment Research downgraded Dollar General from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Bank of America set a $133.00 target price on Dollar General and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on Dollar General from $121.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Telsey Advisory Group reissued an “outperform” rating and set a $126.00 target price on shares of Dollar General in a research note on Thursday, March 14th. Finally, BMO Capital Markets boosted their target price on Dollar General from $126.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Dollar General currently has an average rating of “Buy” and an average price target of $119.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eaton Vance Management raised its position in Dollar General by 0.3% in the 4th quarter. Eaton Vance Management now owns 26,682 shares of the company’s stock valued at $2,884,000 after buying an additional 86 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Dollar General by 0.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock valued at $1,658,000 after buying an additional 100 shares during the last quarter. Whittier Trust Co. raised its position in Dollar General by 66.3% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after buying an additional 116 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Dollar General by 0.8% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 14,542 shares of the company’s stock valued at $1,572,000 after buying an additional 117 shares during the last quarter. Finally, Kaizen Advisory LLC raised its position in Dollar General by 19.7% in the 4th quarter. Kaizen Advisory LLC now owns 742 shares of the company’s stock valued at $80,000 after buying an additional 122 shares during the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.
About Dollar General
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
See Also: Bollinger Bands
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.