Investors Sell Dollar General Corporation (NYSE:DG) on Strength (NYSE:DG)
Investors sold shares of Dollar General Corporation (NYSE:DG) on strength during trading hours on Monday. $25.30 million flowed into the stock on the tick-up and $83.43 million flowed out of the stock on the tick-down, for a money net flow of $58.13 million out of the stock. Of all equities tracked, Dollar General Corporation had the 8th highest net out-flow for the day. Dollar General Corporation traded up $1.08 for the day and closed at $76.57
Several research analysts recently issued reports on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $88.00 target price on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research report on Wednesday, April 19th. BMO Capital Markets reiterated a “neutral” rating and issued a $85.00 target price (up from $76.00) on shares of Dollar General Corporation in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Friday, June 9th. Finally, BidaskClub lowered shares of Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.89.
The company’s 50-day moving average is $72.84 and its 200 day moving average is $72.69. The stock has a market capitalization of $21.00 billion, a PE ratio of 17.31 and a beta of 0.93.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings results on Thursday, June 1st. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts predict that Dollar General Corporation will post $4.50 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.36%. Dollar General Corporation’s dividend payout ratio is presently 23.48%.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after buying an additional 21,625,909 shares in the last quarter. Vanguard Group Inc. boosted its position in Dollar General Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after buying an additional 315,589 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock worth $572,863,000 after buying an additional 1,398,043 shares in the last quarter. Longview Partners Guernsey LTD purchased a new position in Dollar General Corporation during the second quarter worth approximately $577,548,000. Finally, FMR LLC boosted its position in Dollar General Corporation by 29.4% in the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after buying an additional 1,345,562 shares in the last quarter. 88.99% of the stock is owned by hedge funds and other institutional investors.
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About Dollar General Corporation
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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