Investors Buy Dollar General Corp. (DG) on Weakness
Traders purchased shares of Dollar General Corp. (NYSE:DG) on weakness during trading hours on Wednesday. $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 stocks tracked, Dollar General Corp. had the 16th highest net in-flow for the day. Dollar General Corp. traded down ($2.24) for the day and closed at $73.41
Several equities research analysts have commented on the company. Citigroup Inc. boosted their target price on Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday. Atlantic Securities cut Dollar General Corp. from a “buy” rating to a “neutral” rating and cut their target price for the company from $99.00 to $78.00 in a research note on Wednesday. Zacks Investment Research cut Dollar General Corp. from a “hold” rating to a “sell” rating in a research note on Monday. Morgan Stanley restated a “buy” rating on shares of Dollar General Corp. in a research note on Sunday. Finally, RBC Capital Markets restated an “outperform” rating and issued a $90.00 target price (down previously from $103.00) on shares of Dollar General Corp. in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.08.
The firm has a market cap of $20.68 billion and a price-to-earnings ratio of 17.17. The firm has a 50-day moving average price of $90.62 and a 200-day moving average price of $86.15.
Dollar General Corp. (NYSE:DG) last released its earnings results on Thursday, August 25th. The company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.09 by $0.01. During the same period in the prior year, the company earned $0.95 earnings per share. The company earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. Dollar General Corp.’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar General Corp. will post $4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 12th. This represents a $1.00 annualized dividend and a yield of 1.36%.
In other Dollar General Corp. news, Director William C. Rhodes III bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average price of $76.30 per share, with a total value of $381,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anita C. Elliott sold 2,947 shares of the firm’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 value of $268,501.17. Following the sale, the chief accounting officer now directly owns 15,572 shares of the company’s stock, valued at approximately $1,418,764.92. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Dollar General Corp. stock. Ameriprise Financial Inc. boosted its stake in Dollar General Corp. (NYSE:DG) by 15.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 998,497 shares of the company’s stock after buying an additional 130,896 shares during the period. Ameriprise Financial Inc. owned approximately 0.34% of Dollar General Corp. worth $71,769,000 at the end of the most recent reporting 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.
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