Dollar General Corp. (DG) EVP Robert D. Ravener Sells 11,368 Shares of Stock
Dollar General Corp. (NYSE:DG) EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Dollar General Corp. (NYSE DG) traded down $0.85 during mid-day trading on Thursday, reaching $90.79. 2,472,416 shares of the company’s stock were exchanged, compared to its average volume of 2,859,074. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a one year low of $65.97 and a one year high of $96.60. The stock has a market capitalization of $24,772.03, a P/E ratio of 19.83, a PEG ratio of 1.80 and a beta of 0.96.
Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the firm earned $0.89 earnings per share. Dollar General’s revenue for the quarter was up 11.0% on a year-over-year basis. analysts anticipate that Dollar General Corp. will post 4.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, January 8th. Dollar General’s dividend payout ratio (DPR) is presently 23.01%.
Several equities analysts have issued reports on DG shares. BMO Capital Markets set a $85.00 price objective on shares of Dollar General and gave the company a “hold” rating in a report on Tuesday, August 22nd. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Loop Capital reaffirmed a “hold” rating and set a $76.00 price objective on shares of Dollar General in a report on Thursday, August 24th. Bank of America reaffirmed a “buy” rating and set a $90.00 price objective on shares of Dollar General in a report on Friday, August 25th. Finally, BidaskClub raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. Dollar General has a consensus rating of “Hold” and an average price target of $85.54.
A number of hedge funds have recently modified their holdings of the business. Veritable L.P. increased its position in shares of Dollar General by 0.7% during the second quarter. Veritable L.P. now owns 4,803 shares of the company’s stock valued at $346,000 after acquiring an additional 35 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares in the last quarter. Homrich & Berg grew its holdings in shares of Dollar General by 2.2% in the second quarter. Homrich & Berg now owns 4,379 shares of the company’s stock valued at $316,000 after purchasing an additional 93 shares in the last quarter. Condor Capital Management grew its holdings in shares of Dollar General by 0.9% in the second quarter. Condor Capital Management now owns 14,292 shares of the company’s stock valued at $1,030,000 after purchasing an additional 126 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its holdings in shares of Dollar General by 4.1% in the second quarter. Financial Enhancement Group LLC now owns 3,276 shares of the company’s stock valued at $236,000 after purchasing an additional 128 shares in the last quarter. 89.90% of the stock is currently owned by institutional investors.
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About Dollar General
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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