Investors Buy Dollar General Corp. (DG) on Weakness
Traders purchased shares of Dollar General Corp. (NYSE:DG) on weakness during trading hours on Thursday. $191.39 million flowed into the stock on the tick-up and $126.52 million flowed out of the stock on the tick-down, for a money net flow of $64.87 million into the stock. Of all equities tracked, Dollar General Corp. had the 17th highest net in-flow for the day. Dollar General Corp. traded down ($2.24) for the day and closed at $73.41
DG has been the topic of several recent research reports. Jefferies Group reaffirmed a “buy” rating and issued a $97.00 price target on shares of Dollar General Corp. in a research note on Monday, May 16th. Zacks Investment Research raised Dollar General Corp. from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, May 17th. Sterne Agee CRT reissued a “buy” rating on shares of Dollar General Corp. in a research note on Monday, May 16th. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 target price (up from $91.00) on shares of Dollar General Corp. in a research note on Monday, May 23rd. Finally, MKM Partners upped their price target on Dollar General Corp. from $91.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $90.88.
The firm has a market cap of $20.66 billion and a PE ratio of 17.15. The firm has a 50-day moving average of $89.57 and a 200 day moving average of $85.97.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.01. The company earned $5.39 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the firm earned $0.95 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts predict that Dollar General Corp. will post $4.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 12th. This represents a $1.00 annualized dividend and a yield of 1.36%.
In other news, Director Michael M. Calbert purchased 13,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were bought at an average cost of $75.53 per share, for a total transaction of $981,890.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Rhodes III purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were purchased at an average price of $76.30 per share, for a total transaction of $381,500.00. The disclosure for this purchase can be found here.
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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