Dollar General Corp. (NYSE:DG) EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the completion of the sale, the executive vice president now directly owns 33,307 shares in the company, valued at $3,718,060.41. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
NYSE:DG opened at $116.06 on Friday. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.35 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55. Dollar General Corp. has a 12-month low of $85.54 and a 12-month high of $118.45.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The company’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. Analysts forecast that Dollar General Corp. will post 6.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be issued a dividend of $0.29 per share. The ex-dividend date is Monday, January 7th. This represents a $1.16 annualized dividend and a dividend yield of 1.00%. Dollar General’s payout ratio is currently 25.84%.
Hedge funds have recently made changes to their positions in the company. Advocacy Wealth Management Services LLC raised its holdings in Dollar General by 96.4% in the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after buying an additional 133 shares during the period. Carroll Financial Associates Inc. raised its holdings in Dollar General by 70.5% in the fourth quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock valued at $83,000 after buying an additional 304 shares during the period. North Star Investment Management Corp. raised its holdings in Dollar General by 28.0% in the fourth quarter. North Star Investment Management Corp. now owns 960 shares of the company’s stock valued at $104,000 after buying an additional 210 shares during the period. SRS Capital Advisors Inc. purchased a new position in Dollar General in the third quarter valued at approximately $107,000. Finally, Signaturefd LLC raised its holdings in Dollar General by 74.0% in the third quarter. Signaturefd LLC now owns 1,521 shares of the company’s stock valued at $166,000 after buying an additional 647 shares during the period. Institutional investors and hedge funds own 95.04% of the company’s stock.
A number of equities research analysts recently commented on DG shares. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Morgan Stanley set a $115.00 price objective on shares of Dollar General and gave the company a “buy” rating in a research note on Wednesday, December 26th. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. UBS Group reissued a “buy” rating and issued a $120.00 price objective (up from $110.00) on shares of Dollar General in a research note on Monday, October 15th. Finally, Wells Fargo & Co increased their price objective on shares of Dollar General from $118.00 to $129.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General has a consensus rating of “Buy” and a consensus price target of $111.61.
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Dollar General Company Profile
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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