Dollar General (DG) SVP Sells $302,610.00 in Stock

Dollar General (NYSE:DG) SVP Anita Elliott sold 3,000 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were 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 directly owns 11,313 shares of the company’s stock, valued at $1,141,142.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NYSE DG traded up $0.62 during mid-day trading on Monday, hitting $96.96. The stock had a trading volume of 1,411,223 shares, compared to its average volume of 2,681,304. Dollar General has a 52-week low of $65.97 and a 52-week high of $105.82. The company has a market capitalization 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 debt-to-equity ratio of 0.43, a current ratio of 1.43 and a quick ratio of 0.22.

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

Dollar General declared that its board has authorized a stock repurchase plan on Thursday, March 15th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DG. Orbis Allan Gray Ltd purchased a new position in Dollar General in the 4th quarter valued at approximately $194,984,000. Amundi Pioneer Asset Management Inc. increased its stake in Dollar General by 39.9% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,942,230 shares of the company’s stock valued at $180,646,000 after purchasing an additional 553,461 shares in the last quarter. PGGM Investments increased its stake in Dollar General by 126.7% in the 4th quarter. PGGM Investments now owns 632,700 shares of the company’s stock valued at $58,847,000 after purchasing an additional 353,601 shares in the last quarter. Atalanta Sosnoff Capital LLC purchased a new position in Dollar General in the 4th quarter valued at approximately $30,190,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Dollar General in the 4th quarter valued at approximately $28,182,000. 90.67% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the company. Raymond James reaffirmed an “outperform” rating and set a $105.00 price objective (down from $110.00) on shares of Dollar General in a research report on Monday, April 16th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday, April 18th. Credit Suisse Group assumed coverage on Dollar General in a research report on Tuesday, April 17th. They set a “neutral” rating and a $103.00 price objective for the company. JPMorgan Chase reaffirmed a “neutral” rating and set a $103.00 price objective (up from $94.00) on shares of Dollar General in a research report on Thursday, February 22nd. Finally, Argus reaffirmed a “hold” rating on shares of Dollar General in a research report on Thursday, February 8th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $96.70.

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Dollar General Company Profile

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.

Insider Buying and Selling by Quarter for Dollar General (NYSE:DG)

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