Dollar General (DG) Shares Gap Up to $97.07

Dollar General (NYSE:DG)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $93.46, but opened at $97.07. Dollar General shares last traded at $99.87, with a volume of 2900366 shares.

A number of research firms have commented on DG. Argus reissued a “hold” rating on shares of Dollar General in a research note on Thursday, February 8th. They noted that the move was a valuation call. Citigroup began coverage on Dollar General in a research note on Tuesday, January 16th. They issued an “outperform” rating and a $112.00 price objective on the stock. JPMorgan Chase reissued a “neutral” rating and issued a $103.00 price objective (up previously from $94.00) on shares of Dollar General in a research note on Thursday, February 22nd. Zacks Investment Research raised Dollar General from a “hold” rating to a “strong-buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 6th. Finally, ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $96.70.

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The firm has a market cap of $26,162.43, a P/E ratio of 21.59, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.43.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 15th. The company reported $1.48 EPS for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.20 billion. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.49 earnings per share. equities analysts expect that Dollar General will post 6.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Investors of record on Tuesday, April 10th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Monday, April 9th. This is an increase from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s dividend payout ratio is currently 25.84%.

Dollar General announced that its board has approved a share repurchase plan on Thursday, March 15th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

In other Dollar General news, EVP Robert D. Ravener sold 9,874 shares of the stock in a transaction dated Tuesday, April 17th. The stock was sold at an average price of $100.62, for a total value of $993,521.88. Following the completion of the sale, the executive vice president now directly owns 28,307 shares in the company, valued at $2,848,250.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Anita C. Elliott sold 3,000 shares of the stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $100.87, for a total value of $302,610.00. Following the completion of the sale, the senior vice president now owns 11,313 shares of the company’s stock, valued at $1,141,142.31. The disclosure for this sale can be found here. Insiders sold 22,987 shares of company stock valued at $2,242,255 in the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Cerebellum GP LLC bought a new stake in shares of Dollar General in the fourth quarter worth about $130,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Dollar General in the fourth quarter worth about $142,000. Calton & Associates Inc. bought a new stake in shares of Dollar General in the fourth quarter worth about $144,000. Premia Global Advisors LLC bought a new stake in shares of Dollar General in the fourth quarter worth about $195,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Dollar General by 104.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock worth $200,000 after acquiring an additional 1,102 shares in the last quarter. Institutional investors own 90.67% of the company’s stock.

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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 comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.

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