Dollar General Co. (NYSE:DG – Get Free Report) Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Dollar General Stock Down 4.3 %
DG stock opened at $147.78 on Friday. The company has a fifty day moving average price of $148.63 and a 200 day moving average price of $132.95. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The company has a market cap of $32.46 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.76 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15.
Dollar General (NYSE:DG – Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. Dollar General’s revenue for the quarter was down 3.4% on a year-over-year basis. Sell-side analysts expect that Dollar General Co. will post 7.28 earnings per share for the current year.
Dollar General Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.60%. Dollar General’s dividend payout ratio is currently 31.22%.
Hedge Funds Weigh In On Dollar General
Institutional investors have recently bought and sold shares of the company. First Manhattan Co. increased its stake in Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 85 shares during the period. Financial Freedom LLC acquired a new position in shares of Dollar General during the 4th quarter worth $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Dollar General during the 1st quarter worth $28,000. Atlas Capital Advisors LLC acquired a new position in shares of Dollar General during the 2nd quarter worth $32,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General during the 4th quarter worth $25,000. 91.77% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DG has been the subject of a number of research reports. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $124.00 to $154.00 in a report on Thursday, January 4th. Piper Sandler reiterated a “neutral” rating and issued a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upgraded shares of Dollar General from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $120.00 to $158.00 in a research note on Tuesday, March 12th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $152.96.
Read Our Latest Report on Dollar General
About Dollar General
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.
Further Reading
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