Dollar General Co. (NYSE:DG) EVP Sells $367,065.60 in Stock

Dollar General Co. (NYSE:DG - Get Free Report) EVP Emily C. Taylor sold 4,740 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company's stock, valued at $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dollar General Price Performance

DG stock traded down $1.59 during mid-day trading on Monday, reaching $75.35. The company's stock had a trading volume of 3,315,979 shares, compared to its average volume of 3,288,416. Dollar General Co. has a fifty-two week low of $72.12 and a fifty-two week high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company's 50 day moving average is $79.15 and its two-hundred day moving average is $101.13. The stock has a market cap of $16.57 billion, a PE ratio of 12.68, a P/E/G ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. Equities research analysts expect that Dollar General Co. will post 5.77 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.13%. Dollar General's dividend payout ratio (DPR) is 38.88%.

Institutional Investors Weigh In On Dollar General

Several hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. increased its stake in Dollar General by 85.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company's stock worth $7,683,000 after acquiring an additional 26,813 shares during the last quarter. 1834 Investment Advisors Co. purchased a new stake in Dollar General during the 3rd quarter worth $5,650,000. Lecap Asset Management Ltd. increased its holdings in Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock valued at $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Victory Capital Management Inc. raised its position in Dollar General by 62.9% in the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock valued at $14,087,000 after purchasing an additional 64,336 shares during the period. Finally, Kiltearn Partners LLP acquired a new position in shares of Dollar General during the second quarter worth about $9,587,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on DG. Wells Fargo & Company decreased their price objective on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, December 5th. The Goldman Sachs Group lowered their price objective on shares of Dollar General from $122.00 to $104.00 and set a "buy" rating for the company in a research report on Friday, December 6th. Telsey Advisory Group dropped their price objective on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating for the company in a report on Monday, December 2nd. JPMorgan Chase & Co. reduced their target price on Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Finally, HSBC reduced their price objective on shares of Dollar General from $100.00 to $88.00 and set a "hold" rating for the company in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $98.27.

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.

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