Traders Sell Dollar General Corporation (DG) on Strength (DG)
Investors sold shares of Dollar General Corporation (NYSE:DG) on strength during trading hours 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 companies tracked, Dollar General Corporation had the 0th highest net out-flow for the day. Dollar General Corporation traded up $1.66 for the day and closed at $74.20
DG has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $88.00 price objective on shares of Dollar General Corporation in a research note on Wednesday, May 17th. Zacks Investment Research raised shares of Dollar General Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 24th. BidaskClub raised shares of Dollar General Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Deutsche Bank AG reaffirmed a “hold” rating and set a $79.00 price objective (up previously from $78.00) on shares of Dollar General Corporation in a research note on Saturday, June 3rd. Finally, BMO Capital Markets reaffirmed a “neutral” rating and set a $85.00 price objective (up previously from $76.00) on shares of Dollar General Corporation in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. Dollar General Corporation presently has a consensus rating of “Hold” and an average price target of $80.68.
The stock has a market cap of $20.67 billion, a price-to-earnings ratio of 17.04 and a beta of 0.94. The stock’s 50 day moving average is $74.87 and its 200-day moving average is $72.75.
Dollar General Corporation (NYSE:DG) last posted its earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts predict that Dollar General Corporation will post $4.50 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a yield of 1.38%. Dollar General Corporation’s payout ratio is 23.48%.
A number of large investors have recently bought and sold shares of the business. Aldebaran Financial Inc. grew its stake in Dollar General Corporation by 5.2% in the second quarter. Aldebaran Financial Inc. now owns 19,077 shares of the company’s stock valued at $1,375,000 after acquiring an additional 951 shares during the period. Sentry Investment Management LLC grew its stake in Dollar General Corporation by 3.2% in the second quarter. Sentry Investment Management LLC now owns 17,640 shares of the company’s stock valued at $1,272,000 after acquiring an additional 555 shares during the period. Toronto Dominion Bank grew its stake in Dollar General Corporation by 22.1% in the second quarter. Toronto Dominion Bank now owns 93,967 shares of the company’s stock valued at $6,774,000 after acquiring an additional 17,005 shares during the period. Rikoon Group LLC grew its stake in Dollar General Corporation by 131.1% in the second quarter. Rikoon Group LLC now owns 10,338 shares of the company’s stock valued at $745,000 after acquiring an additional 5,864 shares during the period. Finally, Tandem Investment Advisors Inc. acquired a new position in Dollar General Corporation in the second quarter valued at about $1,816,000. 90.29% of the stock is owned by hedge funds and other institutional investors.
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Dollar General Corporation Company Profile
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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