Dollar General Co. (NYSE:DG - Get Free Report) EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Dollar General Stock Performance
Dollar General stock opened at $87.87 on Wednesday. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $156.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock's 50-day moving average is $79.10 and its 200-day moving average is $78.14.
Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. During the same period in the previous year, the company posted $1.83 earnings per share. Dollar General's revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.
Dollar General Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.69%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.
Wall Street Analyst Weigh In
DG has been the subject of a number of analyst reports. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Tuesday. Telsey Advisory Group reiterated a "market perform" rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Gordon Haskett cut Dollar General from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and increased their price objective for the company from $69.00 to $101.00 in a report on Monday. Finally, Barclays lowered their target price on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $94.75.
Check Out Our Latest Analysis on DG
Institutional Investors Weigh In On Dollar General
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC increased its stake in Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after acquiring an additional 3,994,070 shares during the period. Norges Bank bought a new stake in shares of Dollar General in the 4th quarter worth approximately $140,421,000. Two Sigma Investments LP grew its holdings in shares of Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after purchasing an additional 1,797,776 shares in the last quarter. Finally, Pzena Investment Management LLC increased its position in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.
Dollar General Company Profile
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Get Free Report)
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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