Investors Sell Shares of Dollar General Corp. (DG) on Strength (DG)
Traders sold shares of Dollar General Corp. (NYSE:DG) on strength during trading on Tuesday. $15.45 million flowed into the stock on the tick-up and $24.42 million flowed out of the stock on the tick-down, for a money net flow of $8.97 million out of the stock. Of all equities tracked, Dollar General Corp. had the 34th highest net out-flow for the day. Dollar General Corp. traded up $1.66 for the day and closed at $74.20
Several brokerages recently issued reports on DG. Deutsche Bank AG reaffirmed a “hold” rating and set a $79.00 target price on shares of Dollar General Corp. in a research report on Friday. Jefferies Group LLC lifted their price objective on Dollar General Corp. from $68.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday. Zacks Investment Research lowered Dollar General Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub raised Dollar General Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corp. in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $80.84.
The company has a 50 day moving average price of $74.74 and a 200-day moving average price of $72.73. The company has a market cap of $20.39 billion, a P/E ratio of 16.81 and a beta of 0.94.
Dollar General Corp. (NYSE:DG) last issued its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.06% and a return on equity of 21.08%. The company had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts expect 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 Tuesday, October 24th. Investors of record on Tuesday, October 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, October 6th. Dollar General Corp.’s dividend payout ratio is currently 23.48%.
Hedge funds have recently modified their holdings of the stock. Sun Life Financial INC boosted its holdings in Dollar General Corp. by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after purchasing an additional 1,817 shares during the last quarter. Alpha Windward LLC boosted its holdings in Dollar General Corp. by 3.0% in the second quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after purchasing an additional 56 shares during the last quarter. Huntington National Bank boosted its holdings in Dollar General Corp. by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Dollar General Corp. by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the last quarter. Finally, Welch Group LLC boosted its holdings in Dollar General Corp. by 27.1% in the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock worth $163,000 after purchasing an additional 483 shares during the last quarter. Institutional investors own 90.29% of the company’s stock.
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About Dollar General Corp.
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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