Investors Sell Dollar General (DG) on Strength (DG)
Traders sold shares of Dollar General Corp. (NYSE:DG) on strength during trading on Monday. $44.07 million flowed into the stock on the tick-up and $66.43 million flowed out of the stock on the tick-down, for a money net flow of $22.36 million out of the stock. Of all stocks tracked, Dollar General had the 33rd highest net out-flow for the day. Dollar General traded up $1.63 for the day and closed at $106.39
DG has been the subject of a number of research reports. Deutsche Bank increased their price target on Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. MKM Partners increased their price target on Dollar General to $117.00 and gave the company a “buy” rating in a research note on Tuesday, August 28th. Credit Suisse Group increased their price target on Dollar General from $93.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, June 29th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Dollar General in a research note on Monday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dollar General presently has an average rating of “Buy” and an average target price of $106.35.
The stock has a market capitalization of $29.02 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, October 5th. Dollar General’s dividend payout ratio is currently 25.84%.
In related news, EVP Robert D. Ravener sold 22,440 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the completion of the transaction, the executive vice president now directly owns 50,747 shares of the company’s stock, valued at approximately $5,657,783.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Tandem Investment Advisors Inc. grew its holdings in Dollar General by 5.4% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 99,063 shares of the company’s stock worth $10,828,000 after acquiring an additional 5,035 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of Dollar General by 15.4% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 18,322 shares of the company’s stock valued at $2,003,000 after buying an additional 2,445 shares during the period. BLB&B Advisors LLC acquired a new stake in shares of Dollar General in the 3rd quarter valued at about $1,040,000. Vigilant Capital Management LLC grew its stake in shares of Dollar General by 1.9% in the 3rd quarter. Vigilant Capital Management LLC now owns 133,821 shares of the company’s stock valued at $14,627,000 after buying an additional 2,450 shares during the period. Finally, Iberiabank Corp acquired a new stake in shares of Dollar General in the 3rd quarter valued at about $231,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.
Dollar General Company Profile (NYSE:DG)
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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