Insider Selling: Dollar General Corporation (DG) EVP Sells 11,257 Shares of Stock

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%.

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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.

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