Dollar General Co. (NYSE:DG) EVP Kathleen A. Reardon Sells 6,438 Shares

Dollar General Co. (NYSE:DG) EVP Kathleen A. Reardon sold 6,438 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president now directly owns 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Dollar General Price Performance

NYSE DG opened at $113.64 on Tuesday. The firm’s fifty day simple moving average is $97.43 and its two-hundred day simple moving average is $84.18. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $135.46. The firm has a market capitalization of $25.01 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.08%. Dollar General’s payout ratio is currently 45.04%.

Wall Street Analyst Weigh In

DG has been the topic of a number of research reports. Oppenheimer raised shares of Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Wednesday, June 4th. Loop Capital raised their target price on shares of Dollar General from $80.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, June 4th. Barclays raised their target price on shares of Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 target price on shares of Dollar General in a research report on Friday, May 23rd. Finally, Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.04.

Institutional Investors Weigh In On Dollar General

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Dollar General by 4.8% during the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after buying an additional 1,201,917 shares during the period. Pzena Investment Management LLC lifted its position in Dollar General by 8.5% during the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company’s stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares during the period. Geode Capital Management LLC lifted its position in Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock valued at $405,425,000 after purchasing an additional 118,204 shares during the period. First Eagle Investment Management LLC acquired a new position in Dollar General during the fourth quarter valued at $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its position in Dollar General by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock valued at $369,081,000 after purchasing an additional 155,966 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.