Traders Sell Shares of Dollar General Corp. (DG) on Strength (DG)
Traders 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 companies tracked, Dollar General Corp. had the 0th highest net out-flow for the day. Dollar General Corp. traded up $0.19 for the day and closed at $92.91
A number of equities research analysts have recently commented on the company. Deutsche Bank AG downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and lifted their price objective for the company from $95.00 to $99.00 in a research report on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research raised Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, July 5th. Morgan Stanley lifted their price objective on Dollar General Corp. from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Dollar General Corp. in a report on Friday, June 10th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $107.00 target price (up previously from $98.00) on shares of Dollar General Corp. in a report on Friday, June 3rd. Three 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 stock. The stock currently has an average rating of “Buy” and an average target price of $95.81.
The stock has a market capitalization of $26.37 billion and a PE ratio of 22.41. The firm’s 50 day moving average is $93.70 and its 200 day moving average is $84.83.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings results on Thursday, May 26th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.08. The company earned $5.27 billion during the quarter, compared to analyst estimates of $5.28 billion. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. On average, equities research analysts anticipate that Dollar General Corp. will post $4.64 EPS for the current year.
In other Dollar General Corp. news, CAO Anita C. Elliott sold 2,947 shares of the stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $91.11, for a total transaction of $268,501.17. Following the transaction, the chief accounting officer now directly owns 15,572 shares of the company’s stock, valued at $1,418,764.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Other institutional investors have bought and sold shares of the company. Suntrust Banks Inc. increased its position in Dollar General Corp. by 370.5% in the fourth quarter. Suntrust Banks Inc. now owns 21,979 shares of the company’s stock valued at $1,578,000 after buying an additional 17,308 shares during the last quarter. First Niagara Bank increased its position in Dollar General Corp. by 66.9% in the fourth quarter. First Niagara Bank now owns 27,358 shares of the company’s stock valued at $1,966,000 after buying an additional 10,964 shares during the last quarter. US Bancorp DE increased 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 valued at $2,163,000 after buying an additional 967 shares during the last quarter. KBC Group NV increased its position in Dollar General Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 97,624 shares of the company’s stock valued at $7,016,000 after buying an additional 4,731 shares during the last quarter. Finally, American International Group Inc. increased its position in Dollar General Corp. by 1.4% in the fourth quarter. American International Group Inc. now owns 108,913 shares of the company’s stock valued at $7,828,000 after buying an additional 1,477 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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