Traders Sell Dollar General Corp. (DG) on Strength (DG)
Investors sold shares of Dollar General Corp. (NYSE:DG) on strength during trading on Wednesday. $31.83 million flowed into the stock on the tick-up and $79.29 million flowed out of the stock on the tick-down, for a money net flow of $47.46 million out of the stock. Of all stocks tracked, Dollar General Corp. had the 0th highest net out-flow for the day. Dollar General Corp. traded up $0.46 for the day and closed at $72.18
Several analysts have recently issued reports on the stock. Deutsche Bank AG lowered shares of Dollar General Corp. from a “buy” rating to a “hold” rating and upped their target price for the stock from $95.00 to $99.00 in a research note on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, July 5th. Jefferies Group lowered shares of Dollar General Corp. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $101.00 to $96.00 in a research note on Monday, August 15th. They noted that the move was a valuation call. Macquarie reduced their target price on shares of Dollar General Corp. from $98.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, August 25th. Finally, MKM Partners restated a “buy” rating and set a $97.00 price target on shares of Dollar General Corp. in a research report on Thursday, August 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $90.33.
The company’s 50-day moving average price is $81.65 and its 200 day moving average price is $85.90. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 16.88 and a beta of 0.63.
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Dollar General Corp. (NYSE:DG) last released its quarterly earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.50 billion. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 earnings per share. On average, equities analysts predict that Dollar General Corp. will post $4.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. Dollar General Corp.’s dividend payout ratio is currently 23.42%.
In related news, Director Michael M. Calbert acquired 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average cost of $75.53 per share, for a total transaction of $981,890.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Rhodes III purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average cost of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. acquired a new position in Dollar General Corp. during the first quarter worth approximately $3,724,000. FDO Partners LLC purchased a new stake in shares of Dollar General Corp. during the first quarter valued at about $259,000. Willingdon Wealth Management purchased a new stake in shares of Dollar General Corp. during the first quarter valued at about $472,000. Ngam Advisors L.P. boosted its stake in shares of Dollar General Corp. by 39.0% in the first quarter. Ngam Advisors L.P. now owns 94,305 shares of the company’s stock valued at $8,073,000 after buying an additional 26,437 shares during the period. Finally, Pacad Investment Ltd. purchased a new stake in shares of Dollar General Corp. during the first quarter valued at about $2,003,000. 85.44% of the stock is currently owned by institutional investors.
Dollar General Corp. 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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