Traders Sell Dollar General (DG) on Strength (DG)

Investors sold shares of Dollar General Corp. (NYSE:DG) on strength during trading hours on Wednesday. $33.90 million flowed into the stock on the tick-up and $60.45 million flowed out of the stock on the tick-down, for a money net flow of $26.55 million out of the stock. Of all stocks tracked, Dollar General had the 0th highest net out-flow for the day. Dollar General traded up $0.71 for the day and closed at $95.27

DG has been the topic of several analyst reports. Zacks Investment Research cut shares of Dollar General from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank raised shares of Dollar General from a “hold” rating to a “buy” rating and raised their target price for the company from $79.00 to $93.00 in a report on Wednesday, November 15th. Telsey Advisory Group raised shares of Dollar General from a “market perform” rating to an “outperform” rating and raised their target price for the company from $98.00 to $120.00 in a report on Thursday, January 25th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $89.00 target price on shares of Dollar General in a report on Tuesday, November 14th. Finally, Wolfe Research raised shares of Dollar General from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General currently has a consensus rating of “Buy” and an average price target of $92.42.

The company has a market capitalization of $26,100.00, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 earnings per share. equities analysts forecast that Dollar General Corp. will post 4.51 EPS for the current fiscal year.

In related news, SVP Anita C. Elliott sold 2,012 shares of Dollar General stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the transaction, the senior vice president now directly owns 14,969 shares in the company, valued at approximately $1,389,422.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael J. Kindy sold 7,536 shares of Dollar General stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the transaction, the senior vice president now owns 7,578 shares in the company, valued at $686,869.92. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock worth $1,924,881 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Van Den Berg Management I Inc. grew its position in Dollar General by 45.3% in the 3rd quarter. Van Den Berg Management I Inc. now owns 170,261 shares of the company’s stock valued at $13,800,000 after buying an additional 53,105 shares during the last quarter. Parsec Financial Management Inc. grew its position in Dollar General by 11.9% in the 3rd quarter. Parsec Financial Management Inc. now owns 40,590 shares of the company’s stock valued at $3,290,000 after buying an additional 4,312 shares during the last quarter. Jackson Square Partners LLC grew its position in Dollar General by 12.3% in the 3rd quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after buying an additional 415,584 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Dollar General by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 8,000 shares of the company’s stock worth $655,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Washington Capital Management Inc. purchased a new stake in shares of Dollar General during the 4th quarter worth $344,000. Hedge funds and other institutional investors own 88.44% of the company’s stock.

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Dollar General Company Profile

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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