Traders Buy Shares of Dollar General (DG) on Weakness After Insider Selling

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.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. Dollar General’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. sell-side analysts expect that Dollar General Corp. will post 4.48 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION WARNING: “Traders Buy Shares of Dollar General (DG) on Weakness After Insider Selling” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/22/traders-buy-shares-of-dollar-general-dg-on-weakness-after-insider-selling.html.

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.

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit