Investors Sell Dollar General Corp. (DG) on Strength (DG)
Traders sold shares of Dollar General Corp. (NYSE:DG) on strength during trading on Tuesday. $52.95 million flowed into the stock on the tick-up and $86.68 million flowed out of the stock on the tick-down, for a money net flow of $33.73 million out of the stock. Of all stocks tracked, Dollar General Corp. had the 0th highest net out-flow for the day. Dollar General Corp. traded up $0.73 for the day and closed at $96.71
Several equities research analysts have commented on DG shares. Deutsche Bank AG restated a “buy” rating and set a $95.00 price target (up from $84.00) on shares of Dollar General Corp. in a research note on Thursday, March 31st. MKM Partners upped their price target on Dollar General Corp. from $91.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 26th. Bank of America Corp. upgraded Dollar General Corp. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $98.00 to $100.00 in a research note on Wednesday, May 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded Dollar General Corp. from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Monday, May 2nd. Finally, Sterne Agee CRT restated a “buy” rating on shares of Dollar General Corp. in a research note on Monday, May 16th. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $95.62.
The company has a market cap of $27.44 billion and a price-to-earnings ratio of 23.33. The stock has a 50 day moving average of $92.72 and a 200 day moving average of $82.99.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings data on Thursday, May 26th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The business earned $5.27 billion during the quarter, compared to the consensus estimate of $5.28 billion. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts forecast that Dollar General Corp. will post $4.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%.
In other news, CAO Anita C. Elliott sold 2,947 shares of Dollar General Corp. stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $91.11, for a total value of $268,501.17. Following the transaction, the chief accounting officer now directly owns 15,572 shares in the company, valued at $1,418,764.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Several institutional investors have bought and sold shares of DG. Tredje AP fonden raised its position in Dollar General Corp. by 2.2% in the fourth quarter. Tredje AP fonden now owns 19,187 shares of the company’s stock worth $1,383,000 after buying an additional 407 shares during the last quarter. Advantus Capital Management Inc raised its position in Dollar General Corp. by 1.7% in the fourth quarter. Advantus Capital Management Inc now owns 28,053 shares of the company’s stock worth $2,016,000 after buying an additional 462 shares during the last quarter. TrimTabs Asset Management LLC raised its position in Dollar General Corp. by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 28,879 shares of the company’s stock worth $2,076,000 after buying an additional 537 shares during the last quarter. Andra AP fonden raised its position in Dollar General Corp. by 0.4% in the fourth quarter. Andra AP fonden now owns 134,600 shares of the company’s stock worth $9,674,000 after buying an additional 600 shares during the last quarter. Finally, US Bancorp DE raised its position in Dollar General Corp. by 3.3% in the fourth quarter. US Bancorp DE now owns 30,090 shares of the company’s stock worth $2,163,000 after buying an additional 967 shares during the last quarter.
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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