Traders Buy Dollar General Corp. (DG) on Weakness
Investors bought 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 stocks 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 analyst reports. Morgan Stanley restated a “buy” rating and set a $97.00 price objective on shares of Dollar General Corp. in a report on Sunday, August 28th. Citigroup Inc. upped their price objective on shares of Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Dollar General Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th. Atlantic Securities downgraded shares of Dollar General Corp. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $99.00 to $78.00 in a report on Wednesday. Finally, Telsey Advisory Group downgraded shares of Dollar General Corp. from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $102.00 to $84.00 in a report on Friday, August 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $90.88.
The company has a market capitalization of $20.79 billion and a price-to-earnings ratio of 17.25. The stock has a 50 day moving average price of $90.10 and a 200 day moving average price of $86.06.
Dollar General Corp. (NYSE:DG) last released its earnings results on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.01. The firm earned $5.39 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts anticipate that Dollar General Corp. will post $4.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, September 12th.
In other Dollar General Corp. news, Director Michael M. Calbert acquired 13,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were purchased at an average price of $75.53 per share, with a total value of $981,890.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Rhodes III acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average cost 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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