Dollar General Co. (NYSE:DG) EVP Sells $174,186.60 in Stock

Dollar General Co. (NYSE:DG - Get Free Report) EVP Steven R. Deckard sold 2,010 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares of the company's stock, valued at approximately $250,187.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dollar General Trading Down 0.4 %

Shares of DG traded down $0.34 during mid-day trading on Thursday, reaching $86.52. The company had a trading volume of 4,372,070 shares, compared to its average volume of 2,986,161. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The firm has a fifty day simple moving average of $109.35 and a 200-day simple moving average of $130.48. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. On average, sell-side analysts anticipate that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Tuesday, October 8th. Dollar General's dividend payout ratio is presently 34.35%.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. Gordon Haskett cut Dollar General from a "buy" rating to a "hold" rating and set a $90.00 target price on the stock. in a research report on Friday, August 30th. Piper Sandler reduced their price objective on Dollar General from $147.00 to $141.00 and set a "neutral" rating for the company in a research note on Friday, May 31st. Bank of America lowered their target price on shares of Dollar General from $118.00 to $95.00 and set an "underperform" rating on the stock in a research report on Friday, August 30th. Raymond James reduced their price target on shares of Dollar General from $150.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Finally, Argus dropped their price objective on shares of Dollar General from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Dollar General presently has a consensus rating of "Hold" and a consensus price target of $113.95.

Institutional Investors Weigh In On Dollar General

A number of large investors have recently modified their holdings of the stock. Beacon Pointe Advisors LLC raised its stake in shares of Dollar General by 6.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 7,587 shares of the company's stock valued at $1,031,000 after purchasing an additional 443 shares during the period. Kingsview Wealth Management LLC purchased a new position in Dollar General in the 4th quarter valued at about $212,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Dollar General by 79.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,379 shares of the company's stock valued at $731,000 after acquiring an additional 2,386 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Dollar General by 286.4% during the fourth quarter. Corient Private Wealth LLC now owns 56,171 shares of the company's stock worth $7,637,000 after acquiring an additional 41,635 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Dollar General in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 91.77% of the company's stock.

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.