Dollar General Co. (NYSE:DG) EVP Sells $208,957.50 in Stock

Dollar General Co. (NYSE:DG) EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Dollar General Stock Performance

NYSE DG opened at $84.75 on Monday. The firm has a market cap of $18.64 billion, a P/E ratio of 12.34, a P/E/G ratio of 2.36 and a beta of 0.44. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The business’s 50-day moving average price is $112.80 and its 200 day moving average price is $131.96. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the previous year, the firm posted $2.13 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DG. Burkett Financial Services LLC acquired a new stake in Dollar General in the fourth quarter valued at $26,000. Bank & Trust Co acquired a new stake in shares of Dollar General in the second quarter valued at about $26,000. Fortis Group Advisors LLC boosted its holdings in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General during the second quarter worth about $33,000. Finally, Quest Partners LLC purchased a new position in Dollar General in the fourth quarter valued at about $37,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. UBS Group decreased their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. The Goldman Sachs Group dropped their target price on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Barclays dropped their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $113.95.

Dollar General Company Profile

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.