Dollar General Corporation (NYSE:DG) EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now directly owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Dollar General Corporation (NYSE:DG) traded up 1.30% during mid-day trading on Tuesday, reaching $76.96. The company had a trading volume of 2,840,899 shares. The firm has a market capitalization of $21.10 billion, a P/E ratio of 17.40 and a beta of 0.94. Dollar General Corporation has a one year low of $65.97 and a one year high of $80.67. The firm’s 50-day moving average is $75.24 and its 200-day moving average is $72.73.
Dollar General Corporation (NYSE:DG) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Dollar General Corporation will post $4.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, October 6th. Dollar General Corporation’s dividend payout ratio (DPR) is presently 23.48%.
COPYRIGHT VIOLATION WARNING: “Insider Selling: Dollar General Corporation (DG) EVP Sells 11,257 Shares of Stock” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2017/09/12/insider-selling-dollar-general-corporation-dg-evp-sells-11257-shares-of-stock.html.
A number of institutional investors and hedge funds have recently modified their holdings of DG. BlackRock Inc. lifted its stake in Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock valued at $1,544,106,000 after buying an additional 21,625,909 shares during the period. Longview Partners Guernsey LTD acquired a new position in Dollar General Corporation in the second quarter valued at approximately $577,548,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Dollar General Corporation by 281.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,740,089 shares of the company’s stock valued at $330,886,000 after buying an additional 3,497,733 shares during the period. Ameriprise Financial Inc. lifted its stake in Dollar General Corporation by 115.4% in the second quarter. Ameriprise Financial Inc. now owns 3,573,530 shares of the company’s stock valued at $257,611,000 after buying an additional 1,914,303 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Dollar General Corporation by 1,959.3% in the second 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. 90.61% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on DG shares. Gordon Haskett raised shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a report on Thursday, June 1st. Johnson Rice raised shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, June 9th. Bank of America Corporation reissued a “buy” rating and set a $90.00 price objective on shares of Dollar General Corporation in a report on Friday, August 25th. Finally, BidaskClub raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Dollar General Corporation presently has an average rating of “Hold” and an average price target of $80.68.
About Dollar General Corporation
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.
Receive News & Ratings for Dollar General Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General Corporation and related companies with MarketBeat.com's FREE daily email newsletter.