Traders Buy Shares of Dollar General (DG) on Weakness

Traders purchased shares of Dollar General Corp. (NYSE:DG) on weakness during trading on Tuesday. $44.67 million flowed into the stock on the tick-up and $16.87 million flowed out of the stock on the tick-down, for a money net flow of $27.80 million into the stock. Of all stocks tracked, Dollar General had the 22nd highest net in-flow for the day. Dollar General traded down ($0.43) for the day and closed at $92.48

Several equities analysts recently commented on DG shares. BMO Capital Markets set a $102.00 target price on Dollar General and gave the stock a “hold” rating in a research report on Friday, December 8th. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, August 28th. Deutsche Bank reiterated a “hold” rating and issued a $79.00 price objective on shares of Dollar General in a report on Friday, September 1st. Raymond James Financial set a $107.00 price objective on Dollar General and gave the stock a “buy” rating in a report on Saturday, December 9th. Finally, Royal Bank of Canada restated a “buy” rating and set a $85.00 target price on shares of Dollar General in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $85.54.

The company has a market capitalization of $25,230.97, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the business earned $0.89 earnings per share. Dollar General’s revenue was up 11.0% compared to the same quarter last year. equities analysts expect that Dollar General Corp. will post 4.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. Dollar General’s dividend payout ratio (DPR) is presently 23.01%.

In related news, SVP Anita C. Elliott sold 2,012 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the transaction, the senior vice president now owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Kindy sold 7,536 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the transaction, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The disclosure for this sale can be found here. Insiders have sold 20,916 shares of company stock valued at $1,924,881 in the last 90 days. Company insiders own 0.32% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DG. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after purchasing an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in Dollar General by 41.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock valued at $917,621,000 after acquiring an additional 3,310,168 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Dollar General by 115.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock valued at $257,611,000 after acquiring an additional 1,914,303 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Dollar General by 1,959.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,705,909 shares of the company’s stock valued at $122,980,000 after buying an additional 1,623,070 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Dollar General by 363.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company’s stock valued at $141,877,000 after buying an additional 1,543,619 shares during the period. 90.21% of the stock is currently owned by hedge funds and other institutional investors.

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Dollar General 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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