Dollar General Corp. (DG) Sees Unusually-High Trading Volume
Dollar General Corp. (NYSE:DG) saw strong trading volume on Tuesday . 4,352,835 shares changed hands during mid-day trading, an increase of 76% from the previous session’s volume of 2,472,920 shares.The stock last traded at $89.49 and had previously closed at $92.13.
Several equities research analysts recently issued reports on the stock. Deutsche Bank AG lowered shares of Dollar General Corp. from a “buy” rating to a “hold” rating and increased their target price for the stock from $95.00 to $99.00 in a report on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research raised shares of Dollar General Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, July 5th. Jefferies Group lowered shares of Dollar General Corp. from a “buy” rating to a “hold” rating and cut their price objective for the company from $101.00 to $96.00 in a report on Monday. They noted that the move was a valuation call. Morgan Stanley increased their price objective on shares of Dollar General Corp. from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Dollar General Corp. in a report on Friday, June 10th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $95.57.
The stock has a market cap of $25.40 billion and a PE ratio of 21.59. The company’s 50-day moving average is $93.56 and its 200 day moving average is $85.29.
Dollar General Corp. (NYSE:DG) last issued its quarterly earnings results on Thursday, May 26th. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.08. The firm had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Equities research analysts forecast that Dollar General Corp. will post $4.65 EPS for the current year.
In related news, CAO Anita C. Elliott sold 2,947 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $91.11, for a total transaction of $268,501.17. Following the completion of the sale, the chief accounting officer now directly owns 15,572 shares in the company, valued at $1,418,764.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of institutional investors recently added to or reduced their stakes in DG. Pacific Alternative Asset Management Company LLC raised its position in Dollar General Corp. by 0.7% in the fourth quarter. Pacific Alternative Asset Management Company LLC now owns 49,127 shares of the company’s stock worth $3,531,000 after buying an additional 337 shares during the period. 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 period. American International Group Inc. raised 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 worth $7,828,000 after buying an additional 1,477 shares during the period. KBC Group NV raised 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 worth $7,016,000 after buying an additional 4,731 shares during the period. Finally, First Niagara Bank raised 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 worth $1,966,000 after buying an additional 10,964 shares during the period.
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.