Dollar General Corp. (NYSE:DG)’s share price gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $111.64, but opened at $111.64. Dollar General shares last traded at $113.46, with a volume of 195101 shares trading hands.

The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.05). Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis.

A number of research analysts have recently commented on DG shares. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Wells Fargo & Co boosted their target price on shares of Dollar General from $118.00 to $129.00 and gave the stock an “outperform” rating in a research report on Friday, January 11th. Citigroup boosted their target price on shares of Dollar General from $120.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. upped their price target on shares of Dollar General to $123.00 and gave the company an “overweight” rating in a report on Wednesday, January 9th. Finally, Morgan Stanley set a $115.00 price target on shares of Dollar General and gave the company a “buy” rating in a report on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. Dollar General has an average rating of “Buy” and an average price target of $117.61.

In related news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the transaction, the executive vice president now owns 33,307 shares in the company, valued at approximately $3,718,060.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advocacy Wealth Management Services LLC grew its position in Dollar General by 96.4% in the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after buying an additional 133 shares in the last quarter. WESPAC Advisors SoCal LLC bought a new position in Dollar General in the 4th quarter valued at about $30,000. Whittier Trust Co. grew its position in Dollar General by 66.3% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after buying an additional 116 shares in the last quarter. We Are One Seven LLC bought a new position in Dollar General in the 4th quarter valued at about $35,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Dollar General by 282.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock valued at $41,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 1.55. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.42 and a beta of 0.71.

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About Dollar General (NYSE:DG)

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

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