Investors purchased shares of Dollar General Corp. (NYSE:DG) on weakness during trading hours on Thursday after an insider sold shares in the company. $59.40 million flowed into the stock on the tick-up and $39.58 million flowed out of the stock on the tick-down, for a money net flow of $19.82 million into the stock. Of all stocks tracked, Dollar General had the 21st highest net in-flow for the day. Dollar General traded down ($0.09) for the day and closed at $91.64Specifically, SVP Anita C. Elliott sold 2,012 shares of Dollar General stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the transaction, the senior vice president now owns 14,969 shares in the company, valued at $1,389,422.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Kindy sold 7,536 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the sale, 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. In the last quarter, insiders sold 20,916 shares of company stock worth $1,924,881. Company insiders own 0.22% of the company’s stock.
DG has been the topic of several research reports. BMO Capital Markets set a $102.00 price target on Dollar General and gave the stock a “hold” rating in a report on Friday, December 8th. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, August 28th. Deutsche Bank restated a “hold” rating and set a $79.00 price target on shares of Dollar General in a report on Friday, September 1st. Raymond James Financial set a $107.00 price target on Dollar General and gave the stock a “buy” rating in a report on Saturday, December 9th. Finally, Citigroup boosted their price target on Dollar General from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $85.54.
The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. The firm has a market capitalization of $25,011.00, a P/E ratio of 20.02, a P/E/G ratio of 1.82 and a beta of 0.96.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, January 8th. Dollar General’s dividend payout ratio is currently 23.01%.
Several institutional investors have recently bought and sold shares of the stock. Sun Life Financial INC lifted its stake in Dollar General by 18,170.0% in the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after buying an additional 1,817 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Dollar General by 2.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after buying an additional 48 shares during the period. Meeder Asset Management Inc. lifted its stake in Dollar General by 22,950.0% in the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after buying an additional 2,295 shares during the period. Fieldpoint Private Securities LLC acquired a new position in Dollar General in the third quarter valued at approximately $195,000. Finally, DF Dent & Co. Inc. acquired a new position in Dollar General in the second quarter valued at approximately $207,000. 90.23% of the stock is currently owned by institutional investors.
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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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