Dollar General Co. (NYSE:DG) Short Interest Update

Dollar General Co. (NYSE:DGGet Rating) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 4,390,000 shares, a drop of 16.2% from the May 15th total of 5,240,000 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average trading volume of 2,180,000 shares, the days-to-cover ratio is presently 2.0 days.

Shares of DG opened at $230.80 on Friday. Dollar General has a 1 year low of $183.25 and a 1 year high of $262.20. The company has a current ratio of 0.97, a quick ratio of 0.09 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $231.75 and a 200-day simple moving average of $222.08. The stock has a market cap of $52.39 billion, a PE ratio of 23.67, a PEG ratio of 1.72 and a beta of 0.52.

Dollar General (NYSE:DGGet Rating) last posted its earnings results on Thursday, May 26th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.10. Dollar General had a net margin of 6.58% and a return on equity of 37.05%. The business had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General will post 11.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, July 1st. Dollar General’s dividend payout ratio is currently 22.56%.

In other Dollar General news, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the transaction, the chief accounting officer now owns 16,279 shares in the company, valued at $3,836,960.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Antonio Zuazo sold 2,999 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $227.43, for a total value of $682,062.57. Following the sale, the executive vice president now directly owns 9,491 shares of the company’s stock, valued at $2,158,538.13. The disclosure for this sale can be found here. Insiders have sold a total of 25,806 shares of company stock valued at $5,827,797 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Large investors have recently made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $25,000. FSB Premier Wealth Management Inc. acquired a new stake in shares of Dollar General in the 4th quarter valued at $26,000. TAP Consulting LLC acquired a new stake in shares of Dollar General in the 4th quarter valued at $28,000. Sandy Cove Advisors LLC bought a new stake in shares of Dollar General during the fourth quarter worth $28,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Dollar General during the first quarter valued at $32,000. Institutional investors own 94.86% of the company’s stock.

Several research firms have recently issued reports on DG. Morgan Stanley upgraded Dollar General from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $225.00 to $250.00 in a research note on Thursday. StockNews.com cut Dollar General from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Truist Financial lifted their price target on shares of Dollar General from $178.00 to $227.00 and gave the company a “hold” rating in a research report on Friday, May 27th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dollar General from $242.00 to $234.00 in a report on Wednesday, May 25th. Finally, Raymond James reiterated a “buy” rating and issued a $260.00 target price on shares of Dollar General in a report on Friday, March 18th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $245.33.

About Dollar General (Get Rating)

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.

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