Dollar General Co. (NYSE:DG) Director Sells $451,620.00 in Stock

Dollar General Co. (NYSE:DG) Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dollar General Stock Down 1.3 %

NYSE DG traded down $0.96 during mid-day trading on Friday, reaching $74.67. 3,119,286 shares of the company’s stock traded hands, compared to its average volume of 2,896,890. 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 1-year low of $72.12 and a 1-year high of $168.07. The company has a fifty day simple moving average of $77.36 and a 200-day simple moving average of $96.23. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Dollar General Co. will post 5.77 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.16%. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the 3rd quarter valued at $33,000. Studio Investment Management LLC increased its holdings in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Dollar General in the 2nd quarter worth approximately $37,000. Quarry LP bought a new position in Dollar General during the second quarter valued at approximately $46,000. Finally, Pathway Financial Advisers LLC lifted its stake in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on DG. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. BMO Capital Markets boosted their target price on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Evercore ISI dropped their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Finally, Melius Research assumed coverage on shares of Dollar General in a research report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $98.27.

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.