Traders Buy Shares of Dollar General (DG) on Weakness
Investors purchased shares of Dollar General Corp. (NYSE:DG) on weakness during trading hours on Monday. $74.62 million flowed into the stock on the tick-up and $43.04 million flowed out of the stock on the tick-down, for a money net flow of $31.58 million into the stock. Of all companies tracked, Dollar General had the 29th highest net in-flow for the day. Dollar General traded down ($1.66) for the day and closed at $107.25
A number of equities research analysts have issued reports on DG shares. Zacks Investment Research lowered shares of Dollar General from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Citigroup started coverage on shares of Dollar General in a report on Friday, July 6th. They set a “buy” rating on the stock. Gordon Haskett upgraded shares of Dollar General from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $65.97 to $67.00 in a report on Monday, June 4th. Guggenheim reiterated a “buy” rating and set a $115.00 target price on shares of Dollar General in a report on Monday, August 20th. Finally, Raymond James upgraded shares of Dollar General from an “outperform” rating to a “strong-buy” rating in a report on Friday, June 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Dollar General currently has an average rating of “Buy” and a consensus price target of $103.33.
The firm has a market cap of $29.39 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.21 and a current ratio of 1.55.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.08%. Dollar General’s payout ratio is 25.84%.
In related news, EVP Robert D. Ravener sold 10,000 shares of Dollar General stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $100.03, for a total transaction of $1,000,300.00. Following the sale, the executive vice president now directly owns 38,307 shares in the company, valued at approximately $3,831,849.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert D. Ravener sold 22,440 shares of Dollar General stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the sale, the executive vice president now owns 50,747 shares in the company, valued at $5,657,783.03. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Community Bank N.A. raised its stake in Dollar General by 240.2% during the 2nd quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock worth $164,000 after acquiring an additional 1,170 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Dollar General by 50.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock worth $176,000 after purchasing an additional 596 shares during the last quarter. D.A. Davidson & CO. purchased a new position in Dollar General during the 1st quarter worth $202,000. Checchi Capital Advisers LLC purchased a new position in Dollar General during the 2nd quarter worth $205,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Dollar General during the 1st quarter worth $209,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Dollar General Company Profile (NYSE:DG)
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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