Investors Buy High Volume of Dollar General Call Options (DG)
Dollar General Corp. (NYSE:DG) was the recipient of some unusual options trading on Thursday. Traders bought 22,172 call options on the stock. This is an increase of approximately 1,118% compared to the average daily volume of 1,821 call options.
In related news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the sale, the executive vice president now owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Arbor Wealth Management LLC lifted its holdings in Dollar General by 5.8% during the 4th quarter. Arbor Wealth Management LLC now owns 52,063 shares of the company’s stock worth $5,627,000 after buying an additional 2,859 shares during the last quarter. Sowell Financial Services LLC lifted its holdings in Dollar General by 8.2% during the 4th quarter. Sowell Financial Services LLC now owns 3,148 shares of the company’s stock worth $340,000 after buying an additional 238 shares during the last quarter. Norges Bank purchased a new stake in Dollar General during the 4th quarter worth about $216,226,000. Actinver Wealth Management Inc. purchased a new stake in Dollar General during the 4th quarter worth about $238,000. Finally, FMR LLC lifted its holdings in Dollar General by 21.3% during the 4th quarter. FMR LLC now owns 7,274,966 shares of the company’s stock worth $786,278,000 after buying an additional 1,278,052 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.84 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $6.61 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts predict that Dollar General will post 6.02 earnings per share for the current fiscal year.
DG has been the subject of several recent analyst reports. Raymond James set a $127.00 target price on Dollar General and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Morgan Stanley set a $115.00 target price on Dollar General and gave the stock a “buy” rating in a research note on Wednesday, December 26th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Citigroup cut their target price on Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, December 10th. Finally, Credit Suisse Group set a $108.00 target price on Dollar General and gave the stock a “hold” rating in a research note on Tuesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $116.64.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2019/03/15/investors-buy-high-volume-of-dollar-general-call-options-dg.html.
Dollar General Company Profile
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.
Read More: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.