Traders Sell Shares of Dollar General (DG) on Strength (DG)

Traders sold shares of Dollar General Corp. (NYSE:DG) on strength during trading hours on Wednesday. $33.90 million flowed into the stock on the tick-up and $60.45 million flowed out of the stock on the tick-down, for a money net flow of $26.55 million out of the stock. Of all stocks tracked, Dollar General had the 14th highest net out-flow for the day. Dollar General traded up $0.71 for the day and closed at $95.27

A number of research analysts have issued reports on the company. Argus restated a “hold” rating on shares of Dollar General in a research note on Thursday, February 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Raymond James Financial restated a “buy” rating and issued a $107.00 price objective on shares of Dollar General in a research note on Sunday, December 3rd. Citigroup assumed coverage on Dollar General in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $112.00 price objective for the company. Finally, BMO Capital Markets set a $102.00 price objective on Dollar General and gave the company a “hold” rating in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Dollar General has an average rating of “Buy” and an average price target of $91.98.

The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $25,870.00, a PE ratio of 21.12, a P/E/G ratio of 1.62 and a beta of 1.00.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. equities analysts forecast that Dollar General Corp. will post 4.5 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.09%. Dollar General’s dividend payout ratio (DPR) is 23.06%.

In other Dollar General news, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the sale, the senior vice president now owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the sale, the senior vice president now directly owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,916 shares of company stock worth $1,924,881 in the last three months. 0.32% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Van Den Berg Management I Inc. increased its position in shares of Dollar General by 45.3% during the 3rd quarter. Van Den Berg Management I Inc. now owns 170,261 shares of the company’s stock valued at $13,800,000 after purchasing an additional 53,105 shares during the last quarter. Parsec Financial Management Inc. increased its position in shares of Dollar General by 11.9% during the 3rd quarter. Parsec Financial Management Inc. now owns 40,590 shares of the company’s stock valued at $3,290,000 after purchasing an additional 4,312 shares during the last quarter. Jackson Square Partners LLC increased its position in shares of Dollar General by 12.3% during the 3rd quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after purchasing an additional 415,584 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Dollar General by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 8,000 shares of the company’s stock valued at $655,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Washington Capital Management Inc. bought a new position in shares of Dollar General during the 4th quarter valued at about $344,000. 88.44% 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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