Investors sold shares of Dollar General Corp. (NYSE:DG) on strength during trading on Thursday. $53.56 million flowed into the stock on the tick-up and $89.25 million flowed out of the stock on the tick-down, for a money net flow of $35.69 million out of the stock. Of all equities tracked, Dollar General had the 0th highest net out-flow for the day. Dollar General traded up $1.59 for the day and closed at $117.53
Several research analysts recently issued reports on DG shares. Deutsche Bank upped their target price on shares of Dollar General from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. MKM Partners upped their target price on shares of Dollar General to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. UBS Group reiterated a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of Dollar General in a research report on Monday, October 15th. Finally, Loop Capital upped their target price on shares of Dollar General from $97.00 to $105.00 and gave the stock a “hold” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $106.35.
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 has a market capitalization of $30.79 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 1.40 and a beta of 0.82.
Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 30th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.06% and a return on equity of 23.51%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. Equities analysts anticipate that Dollar General Corp. will post 6.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 23rd. Shareholders of record on Tuesday, October 9th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, October 5th. Dollar General’s dividend payout ratio is presently 25.84%.
In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $111.49, for a total value of $2,501,835.60. Following the completion of the sale, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at $5,657,783.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Trexquant Investment LP bought a new position in shares of Dollar General during the third quarter valued at about $310,000. DekaBank Deutsche Girozentrale raised its stake in shares of Dollar General by 6.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 128,337 shares of the company’s stock valued at $13,700,000 after acquiring an additional 7,761 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Dollar General by 18.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,478 shares of the company’s stock valued at $13,496,000 after acquiring an additional 19,443 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of Dollar General by 294.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 17,761 shares of the company’s stock valued at $1,941,000 after acquiring an additional 13,255 shares during the last quarter. Finally, CIBC World Markets Inc. raised its stake in shares of Dollar General by 71.0% during the third quarter. CIBC World Markets Inc. now owns 58,280 shares of the company’s stock valued at $6,370,000 after acquiring an additional 24,208 shares during the last quarter. 95.48% of the stock is owned by institutional investors and hedge funds.
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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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