Traders sold shares of Dollar General Corp. (NYSE:DG) on strength during trading hours on Thursday. $53.56 million flowed into the stock on the tick-up and $89.25 million flowed out of the stock on the tick-down, for a money net flow of $35.69 million out of the stock. Of all stocks tracked, Dollar General had the 0th highest net out-flow for the day. Dollar General traded up $1.59 for the day and closed at $117.53
A number of equities research analysts have weighed in on the company. UBS Group reaffirmed a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Dollar General in a report on Monday, October 15th. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Buckingham Research started coverage on Dollar General in a research note on Tuesday, September 25th. They issued a “buy” rating and a $125.00 price target for the company. Credit Suisse Group set a $108.00 price target on Dollar General and gave the company a “hold” rating in a research note on Sunday, September 2nd. Finally, Morgan Stanley increased their price target on Dollar General from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, August 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $106.35.
The stock has a market capitalization of $30.79 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.40 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 30th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.03. The business had revenue of $6.44 billion during the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. Dollar General’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. Equities analysts predict that Dollar General Corp. will post 6.1 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, October 5th. Dollar General’s dividend payout ratio is currently 25.84%.
In related news, EVP Robert D. Ravener sold 22,440 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the transaction, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Legacy Capital Partners Inc. raised its position in shares of Dollar General by 23.3% in the 3rd quarter. Legacy Capital Partners Inc. now owns 2,650 shares of the company’s stock worth $290,000 after acquiring an additional 500 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Dollar General by 3.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock worth $1,694,000 after acquiring an additional 500 shares in the last quarter. Greenwood Capital Associates LLC raised its position in shares of Dollar General by 9.2% in the 2nd quarter. Greenwood Capital Associates LLC now owns 6,065 shares of the company’s stock worth $598,000 after acquiring an additional 509 shares in the last quarter. Strs Ohio raised its position in shares of Dollar General by 2.2% in the 3rd quarter. Strs Ohio now owns 24,110 shares of the company’s stock worth $2,635,000 after acquiring an additional 512 shares in the last quarter. Finally, Creative Planning raised its position in shares of Dollar General by 7.2% in the 3rd quarter. Creative Planning now owns 7,688 shares of the company’s stock worth $840,000 after acquiring an additional 516 shares in the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.
Dollar General Company Profile (NYSE:DG)
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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