Dollar General (DG) Reaches New 52-Week High at $100.70
Shares of Dollar General Corp. (NYSE:DG) reached a new 52-week high on Wednesday . The company traded as high as $100.70 and last traded at $98.44, with a volume of 2421400 shares changing hands. The stock had previously closed at $99.10.
A number of analysts have recently weighed in on DG shares. Oppenheimer started coverage on Dollar General in a research report on Wednesday. They set an “outperform” rating and a $112.00 target price for the company. UBS Group reiterated a “buy” rating and set a $99.00 target price (up from $85.00) on shares of Dollar General in a research report on Monday, December 4th. BMO Capital Markets reiterated a “hold” rating on shares of Dollar General in a research report on Wednesday, September 27th. Moffett Nathanson started coverage on Dollar General in a research report on Monday, December 4th. They set a “neutral” rating for the company. Finally, Deutsche Bank upped their target price on Dollar General to $97.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. Dollar General has a consensus rating of “Hold” and an average target price of $88.52.
The stock has a market cap of $27,340.00, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.95 and a beta of 0.95. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. Dollar General’s payout ratio is 23.06%.
In related news, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the sale, the senior vice president now owns 7,578 shares in the company, valued at approximately $686,869.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert D. Ravener sold 11,368 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the sale, the executive vice president now owns 22,598 shares in the company, valued at approximately $2,097,320.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,916 shares of company stock worth $1,924,881. 0.32% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in DG. Vanguard Group Inc. raised its stake in shares of Dollar General by 1.8% in the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after purchasing an additional 315,589 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Dollar General by 168.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after purchasing an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in shares of Dollar General by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after purchasing an additional 3,310,168 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Dollar General by 2.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after acquiring an additional 178,400 shares during the last quarter. Finally, Capital International Investors increased its position in shares of Dollar General by 14.0% during the third quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after acquiring an additional 791,600 shares during the last quarter. Institutional investors own 90.37% of the company’s stock.
Dollar General Company Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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