Dollar General Corp. (DG) EVP Sells $9,303,088.86 in Stock
Dollar General Corp. (NYSE:DG) EVP Robert D. Ravener sold 78,987 shares of Dollar General stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $117.78, for a total value of $9,303,088.86. Following the sale, the executive vice president now directly owns 62,434 shares of the company’s stock, valued at approximately $7,353,476.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NYSE DG opened at $119.36 on Friday. The stock has a market cap of $30.81 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.49 and a beta of 0.71. Dollar General Corp. has a fifty-two week low of $86.87 and a fifty-two week high of $121.27. The company has a quick ratio of 0.19, a current ratio of 1.55 and a debt-to-equity ratio of 0.45.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 EPS. Analysts forecast that Dollar General Corp. will post 6.41 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc raised its stake in shares of Dollar General by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after buying an additional 370,008 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Dollar General by 2.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 11,062 shares of the company’s stock valued at $1,196,000 after buying an additional 274 shares during the last quarter. Alpha Windward LLC raised its stake in shares of Dollar General by 32.3% during the 4th quarter. Alpha Windward LLC now owns 2,485 shares of the company’s stock valued at $269,000 after buying an additional 606 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Dollar General during the 4th quarter valued at about $68,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Dollar General by 153.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,569 shares of the company’s stock valued at $493,000 after purchasing an additional 2,769 shares in the last quarter. Institutional investors and hedge funds own 96.66% of the company’s stock.
A number of analysts have commented on DG shares. ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Credit Suisse Group set a $108.00 price target on Dollar General and gave the stock a “hold” rating in a research report on Tuesday, December 4th. Citigroup lowered their price target on Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, December 10th. Morgan Stanley set a $115.00 price target on Dollar General and gave the stock a “buy” rating in a research report on Wednesday, December 26th. Finally, JPMorgan Chase & Co. lifted their price target on Dollar General to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 9th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $118.26.
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About Dollar General
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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