Dollar General Corporation Target of Unusually Large Options Trading (DG)
Dollar General Corporation (NYSE:DG) was the target of unusually large options trading on Monday. Stock traders bought 9,363 put options on the stock. This represents an increase of approximately 477% compared to the typical volume of 1,622 put options.
Shares of Dollar General Corporation (NYSE DG) opened at 72.54 on Friday. The company’s 50 day moving average price is $74.57 and its 200-day moving average price is $72.84. The firm has a market cap of $19.89 billion, a price-to-earnings ratio of 16.40 and a beta of 0.93. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $80.67.
Dollar General Corporation (NYSE:DG) last issued its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General Corporation had a return on equity of 23.07% and a net margin of 5.53%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Equities analysts expect that Dollar General Corporation will post $4.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, October 6th. Dollar General Corporation’s payout ratio is 23.48%.
Institutional investors have recently modified their holdings of the company. Aldebaran Financial Inc. boosted its position in shares of Dollar General Corporation by 5.2% in the second quarter. Aldebaran Financial Inc. now owns 19,077 shares of the company’s stock worth $1,375,000 after buying an additional 951 shares during the last quarter. Sentry Investment Management LLC boosted its position in shares of Dollar General Corporation by 3.2% in the second quarter. Sentry Investment Management LLC now owns 17,640 shares of the company’s stock worth $1,272,000 after buying an additional 555 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Dollar General Corporation by 22.1% in the second quarter. Toronto Dominion Bank now owns 93,967 shares of the company’s stock worth $6,774,000 after buying an additional 17,005 shares during the last quarter. Rikoon Group LLC boosted its position in shares of Dollar General Corporation by 131.1% in the second quarter. Rikoon Group LLC now owns 10,338 shares of the company’s stock worth $745,000 after buying an additional 5,864 shares during the last quarter. Finally, Tandem Investment Advisors Inc. bought a new position in shares of Dollar General Corporation during the second quarter worth about $1,816,000. Institutional investors and hedge funds own 90.28% of the company’s stock.
Several equities research analysts have recently commented on DG shares. BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Deutsche Bank AG restated a “hold” rating and set a $79.00 price target (up previously from $78.00) on shares of Dollar General Corporation in a research note on Saturday, June 3rd. Jefferies Group LLC restated a “hold” rating and set a $68.00 price target on shares of Dollar General Corporation in a research note on Wednesday, July 19th. Zacks Investment Research lowered Dollar General Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Royal Bank Of Canada upped their price objective on Dollar General Corporation from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.84.
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Dollar General Corporation Company Profile
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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