Traders Sell Dollar General Corp. (DG) on Strength (DG)
Investors sold shares of Dollar General Corp. (NYSE:DG) on strength during trading hours on Friday. $18.07 million flowed into the stock on the tick-up and $39.71 million flowed out of the stock on the tick-down, for a money net flow of $21.64 million out of the stock. Of all stocks tracked, Dollar General Corp. had the 15th highest net out-flow for the day. Dollar General Corp. traded up $0.19 for the day and closed at $92.91
Several equities research analysts have issued reports on DG shares. Sterne Agee CRT reissued a “buy” rating on shares of Dollar General Corp. in a report on Monday, May 16th. Zacks Investment Research raised shares of Dollar General Corp. from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, May 17th. Jefferies Group reissued a “buy” rating and issued a $97.00 price target on shares of Dollar General Corp. in a report on Monday, May 16th. Bank of America Corp. raised shares of Dollar General Corp. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $98.00 to $100.00 in a report on Wednesday, May 4th. They noted that the move was a valuation call. Finally, MKM Partners boosted their price target on shares of Dollar General Corp. from $91.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 26th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $95.81.
The stock has a market cap of $26.37 billion and a price-to-earnings ratio of 22.41. The firm’s 50 day moving average price is $93.70 and its 200 day moving average price is $84.83.
Dollar General Corp. (NYSE:DG) last released its earnings results on Thursday, May 26th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.08. The business earned $5.27 billion during the quarter, compared to the consensus estimate of $5.28 billion. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. Analysts predict that Dollar General Corp. will post $4.64 earnings per share for the current fiscal year.
In other Dollar General Corp. 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 owns 15,572 shares in the company, valued at $1,418,764.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Nicholas Co. Inc. WI acquired a new position in Dollar General Corp. during the fourth quarter worth about $21,790,000. I.G. Investment Management LTD. boosted its position in Dollar General Corp. by 46.4% in the fourth quarter. I.G. Investment Management LTD. now owns 687,519 shares of the company’s stock worth $49,412,000 after buying an additional 217,847 shares in the last quarter. WBI Investments Inc. acquired a new position in Dollar General Corp. during the fourth quarter worth about $4,568,000. KDI Capital Partners LLC boosted its position in Dollar General Corp. by 42.7% in the fourth quarter. KDI Capital Partners LLC now owns 163,728 shares of the company’s stock worth $11,767,000 after buying an additional 49,028 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its position in Dollar General Corp. by 8.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 443,210 shares of the company’s stock worth $31,854,000 after buying an additional 35,442 shares in 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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