Insider Selling: Dollar General Corp. (DG) EVP Sells $3,627,081.96 in Stock

Dollar General Corp. (NYSE:DG) EVP Robert D. Ravener sold 32,492 shares of the business’s stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the sale, the executive vice president now owns 33,307 shares of the company’s stock, valued at approximately $3,718,060.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Dollar General stock opened at $116.06 on Friday. The firm has a market cap of $30.36 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.35 and a beta of 0.76. The company has a quick ratio of 0.22, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Dollar General Corp. has a one year low of $85.54 and a one year high of $118.45.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.26. The company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. Dollar General’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, equities research analysts forecast that Dollar General Corp. will post 6.01 earnings per share for the current year.



The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.00%. Dollar General’s payout ratio is currently 25.84%.

A number of institutional investors have recently made changes to their positions in DG. FMR LLC raised its position in Dollar General by 10.5% during the 2nd quarter. FMR LLC now owns 5,506,743 shares of the company’s stock worth $542,965,000 after buying an additional 523,870 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Dollar General by 4.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,064 shares of the company’s stock worth $1,387,000 after purchasing an additional 648 shares during the period. Van ECK Associates Corp grew its stake in shares of Dollar General by 33.1% during the 2nd quarter. Van ECK Associates Corp now owns 21,366 shares of the company’s stock worth $2,107,000 after purchasing an additional 5,309 shares during the period. OppenheimerFunds Inc. grew its stake in shares of Dollar General by 9.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 23,540 shares of the company’s stock worth $2,321,000 after purchasing an additional 2,083 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Dollar General by 27.4% during the 2nd quarter. Raymond James & Associates now owns 131,744 shares of the company’s stock worth $12,990,000 after purchasing an additional 28,331 shares during the period. Institutional investors own 95.04% of the company’s stock.

Several analysts have recently weighed in on the stock. Wells Fargo & Co boosted their price objective on shares of Dollar General from $118.00 to $129.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets assumed coverage on shares of Dollar General in a research report on Thursday. They issued an “outperform” rating and a $115.50 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Dollar General to $123.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley set a $115.00 price target on shares of Dollar General and gave the company a “buy” rating in a research report on Wednesday, December 26th. Finally, ValuEngine upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $111.61.

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About Dollar General

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.

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Insider Buying and Selling by Quarter for Dollar General (NYSE:DG)

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