Insider Selling: Dollar General Co. (NYSE:DG) EVP Sells $367,065.60 in Stock

Dollar General Co. (NYSE:DG) EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dollar General Stock Down 0.1 %

Shares of DG opened at $75.94 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a 50-day simple moving average of $78.68 and a 200-day simple moving average of $100.16. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The firm has a market capitalization of $16.70 billion, a P/E ratio of 12.51, a P/E/G ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $1.26 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.11%. Dollar General’s dividend payout ratio is currently 38.88%.

Hedge Funds Weigh In On Dollar General

A number of hedge funds have recently made changes to their positions in DG. Blue Trust Inc. lifted its position in shares of Dollar General by 38.4% during the 2nd quarter. Blue Trust Inc. now owns 790 shares of the company’s stock worth $104,000 after buying an additional 219 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Dollar General by 3.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 203,880 shares of the company’s stock valued at $26,959,000 after purchasing an additional 6,144 shares in the last quarter. Running Oak Capital LLC acquired a new stake in shares of Dollar General in the 2nd quarter valued at $302,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Dollar General in the 2nd quarter worth about $260,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Dollar General during the 2nd quarter worth about $1,494,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DG shares. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Evercore ISI dropped their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Morgan Stanley cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $170.00 to $100.00 in a research note on Friday, August 30th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, Truist Financial reduced their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.27.

About Dollar General

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.