Insider Selling: Dollar General Corp. (DG) EVP Sells 8,973 Shares of Stock

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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.

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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.

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