Dollar General Corp. (NYSE:DG) EVP Robert D. Ravener sold 22,440 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the completion of the transaction, the executive vice president now directly owns 50,747 shares in the company, valued at approximately $5,657,783.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE DG opened at $109.53 on Friday. The stock has a market capitalization of $29.51 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.34 and a beta of 0.94. The company has a quick ratio of 0.21, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Dollar General Corp. has a 12 month low of $76.13 and a 12 month high of $112.59.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 30th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. equities research analysts predict that Dollar General Corp. will post 6.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 1.06%. Dollar General’s dividend payout ratio is presently 25.84%.

DG has been the topic of a number of recent analyst reports. Credit Suisse Group set a $103.00 price objective on Dollar General and gave the stock a “hold” rating in a research note on Tuesday, May 29th. Loop Capital reissued a “hold” rating on shares of Dollar General in a research note on Wednesday, May 30th. Telsey Advisory Group cut their price target on Dollar General from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, June 1st. Morgan Stanley cut their price target on Dollar General from $122.00 to $116.00 and set an “overweight” rating on the stock in a research note on Friday, June 1st. Finally, Barclays cut their price target on Dollar General from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Friday, June 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Dollar General presently has a consensus rating of “Buy” and a consensus target price of $103.33.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Community Bank N.A. increased its holdings in Dollar General by 240.2% in the second quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock valued at $164,000 after purchasing an additional 1,170 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Dollar General by 50.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock valued at $176,000 after purchasing an additional 596 shares during the last quarter. Checchi Capital Advisers LLC bought a new stake in Dollar General in the second quarter valued at about $205,000. Legacy Capital Partners Inc. bought a new stake in Dollar General in the second quarter valued at about $212,000. Finally, D.A. Davidson & CO. bought a new stake in Dollar General in the first quarter valued at about $202,000. Institutional investors and hedge funds own 94.99% of the company’s stock.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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