Dollar General (DG) Shares Down 6.8%

Shares of Dollar General Corp. (NYSE:DG) were down 6.8% during trading on Tuesday . The company traded as low as $102.05 and last traded at $104.10. Approximately 8,758,873 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 2,516,687 shares. The stock had previously closed at $111.70.

A number of analysts have recently commented on DG shares. Zacks Investment Research upgraded Dollar General from a “sell” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Tuesday, August 14th. ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price target on shares of Dollar General in a research note on Monday, August 20th. Buckingham Research lifted their price target on Dollar General from $95.00 to $107.00 and gave the stock a “neutral” rating in a research note on Monday, August 27th. Finally, Credit Suisse Group set a $99.00 price target on Dollar General and gave the stock a “hold” rating in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $107.26.

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.21. The company has a market capitalization of $29.47 billion, a PE ratio of 23.18, a P/E/G ratio of 1.34 and a beta of 0.84.

Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.26. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, research analysts predict that Dollar General Corp. will post 6.11 EPS for the current fiscal year.

In other Dollar General news, EVP Robert D. Ravener sold 22,440 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $111.49, for a total transaction of $2,501,835.60. Following the transaction, the executive vice president now owns 50,747 shares of the company’s stock, valued at $5,657,783.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in shares of Dollar General by 23,132.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock valued at $366,909,000 after purchasing an additional 3,342,455 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Dollar General in the 3rd quarter valued at $108,509,000. Alecta Pensionsforsakring Omsesidigt purchased a new stake in shares of Dollar General in the 3rd quarter valued at $98,907,000. Millennium Management LLC raised its holdings in shares of Dollar General by 140.6% in the 2nd quarter. Millennium Management LLC now owns 1,345,577 shares of the company’s stock valued at $132,674,000 after buying an additional 786,382 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Dollar General by 12.4% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,450,172 shares of the company’s stock valued at $635,987,000 after buying an additional 711,483 shares during the period. 94.23% of the stock is currently owned by institutional investors.

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About Dollar General (NYSE:DG)

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, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

Further Reading: Return on Equity (ROE)

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