Insider Selling: Dollar General Co. (NYSE:DG) EVP Sells $174,186.60 in Stock

Dollar General Co. (NYSE:DG) EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Dollar General Stock Down 0.6 %

DG stock opened at $86.01 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company has a 50-day moving average of $108.42 and a two-hundred day moving average of $129.87. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last released its 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 business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $2.13 EPS. As a group, equities research analysts anticipate that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Institutional Trading of Dollar General

A number of hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV increased its position in shares of Dollar General by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after purchasing an additional 76 shares during the period. Fidelis Capital Partners LLC increased its holdings in Dollar General by 3.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after buying an additional 77 shares during the period. Industrial Alliance Investment Management Inc. increased its holdings in Dollar General by 3.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after buying an additional 80 shares during the period. Pullen Investment Management LLC raised its stake in shares of Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after buying an additional 87 shares in the last quarter. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after acquiring an additional 88 shares during the period. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Gordon Haskett downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Friday, August 30th. Morgan Stanley downgraded shares of Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Evercore ISI reduced their price objective on Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research report on Friday, August 30th. Loop Capital dropped their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. cut their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.95.

Dollar General Company Profile

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.