Dollar General Corp. (NYSE:DG) gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $111.64, but opened at $111.64. Dollar General shares last traded at $113.46, with a volume of 195101 shares traded.

The company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period last year, the company posted $1.48 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, April 8th. This is a boost from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.12%. Dollar General’s dividend payout ratio is 25.84%.

Several research firms have issued reports on DG. Raymond James set a $127.00 price objective on Dollar General and gave the company a “buy” rating in a research note on Tuesday, February 26th. BMO Capital Markets began coverage on Dollar General in a research note on Thursday, January 10th. They issued an “outperform” rating and a $115.50 price objective on the stock. ValuEngine lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Telsey Advisory Group restated an “outperform” rating and issued a $126.00 price objective on shares of Dollar General in a research note on Thursday. Finally, Zacks Investment Research lowered Dollar General from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $117.61.

In other news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the transaction, the executive vice president now owns 33,307 shares in the company, valued at $3,718,060.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in DG. Advocacy Wealth Management Services LLC increased its stake in Dollar General by 96.4% during the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock worth $29,000 after acquiring an additional 133 shares during the period. WESPAC Advisors SoCal LLC bought a new position in Dollar General during the 4th quarter worth $30,000. Whittier Trust Co. increased its stake in Dollar General by 66.3% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after acquiring an additional 116 shares during the period. We Are One Seven LLC bought a new position in Dollar General during the 4th quarter worth $35,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Dollar General by 282.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock worth $41,000 after acquiring an additional 282 shares during the period. Institutional investors own 96.00% of the company’s stock.

The company has a quick ratio of 0.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $31.44 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71.

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Dollar General Company Profile (NYSE:DG)

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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