Dollar General Co. (NYSE:DG) EVP Steven R. Deckard Sells 2,010 Shares of Stock

Dollar General Co. (NYSE:DG) EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dollar General Stock Down 0.4 %

Shares of NYSE:DG opened at $86.52 on Friday. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The firm has a market capitalization of $19.03 billion, a P/E ratio of 12.59, a P/E/G ratio of 2.36 and a beta of 0.44. The stock has a 50 day moving average price of $109.35 and a 200-day moving average price of $130.48.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $2.13 earnings per share. As a group, equities research analysts anticipate that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.73%. Dollar General’s payout ratio is 34.35%.

Hedge Funds Weigh In On Dollar General

A number of large investors have recently made changes to their positions in the business. Burkett Financial Services LLC acquired a new position in shares of Dollar General in the 4th quarter valued at $26,000. Bank & Trust Co purchased a new position in shares of Dollar General during the 2nd quarter valued at about $26,000. Fortis Group Advisors LLC grew its position in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General during the 2nd quarter valued at about $33,000. Finally, Quest Partners LLC acquired a new stake in shares of Dollar General during the 4th quarter valued at about $37,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on DG. Raymond James lowered their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Barclays decreased their target price on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Evercore ISI decreased their target price on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research note on Friday, August 30th. UBS Group reduced their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Piper Sandler reduced their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $113.95.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.