Investors Sell Shares of Dollar General (DG) on Strength (DG)
Traders sold shares of Dollar General Corp. (NYSE:DG) on strength during trading on Monday. $41.35 million flowed into the stock on the tick-up and $73.10 million flowed out of the stock on the tick-down, for a money net flow of $31.75 million out of the stock. Of all stocks tracked, Dollar General had the 27th highest net out-flow for the day. Dollar General traded up $1.47 for the day and closed at $123.85
Several research analysts recently commented on the company. Bank of America set a $133.00 price target on Dollar General and gave the company a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on Dollar General from $121.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Zacks Investment Research cut Dollar General from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Evercore ISI began coverage on Dollar General in a research report on Wednesday, March 20th. They issued an “underperform” rating and a $95.00 price objective for the company. Finally, Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $102.00 to $125.00 in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $119.50.
The stock has a market cap of $31.82 billion, a PE ratio of 20.75, a P/E/G ratio of 1.53 and a beta of 0.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.19.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, April 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. Dollar General’s dividend payout ratio (DPR) is 21.44%.
In other news, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the transaction, the executive vice president now owns 62,434 shares in the company, valued at $7,353,476.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert D. Ravener sold 38,659 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $119.84, for a total value of $4,632,894.56. Following the transaction, the executive vice president now owns 39,739 shares in the company, valued at approximately $4,762,321.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,282 shares of company stock worth $15,926,314. 0.41% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DG. Vanguard Group Inc increased its stake in Dollar General by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock worth $2,098,732,000 after acquiring an additional 370,008 shares during the period. Gateway Investment Advisers LLC increased its stake in Dollar General by 2.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 11,062 shares of the company’s stock worth $1,196,000 after acquiring an additional 274 shares during the period. Alpha Windward LLC increased its stake in Dollar General by 32.3% during the 4th quarter. Alpha Windward LLC now owns 2,485 shares of the company’s stock worth $269,000 after acquiring an additional 606 shares during the period. Capital Investment Advisory Services LLC bought a new position in Dollar General during the 4th quarter worth $68,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Dollar General by 153.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,569 shares of the company’s stock worth $493,000 after acquiring an additional 2,769 shares during the period. Institutional investors own 97.92% of the company’s stock.
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About Dollar General (NYSE:DG)
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.
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