Investors Buy Large Volume of Call Options on Dollar General (DG)

Dollar General Corp. (NYSE:DG) saw unusually large options trading on Thursday. Investors purchased 22,172 call options on the stock. This represents an increase of 1,118% compared to the average daily volume of 1,821 call options.

In other Dollar General news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the sale, the executive vice president now directly owns 33,307 shares in the company, valued at $3,718,060.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advocacy Wealth Management Services LLC lifted its position in shares of Dollar General by 96.4% in the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after buying an additional 133 shares during the last quarter. WESPAC Advisors SoCal LLC acquired a new stake in Dollar General during the 4th quarter worth approximately $30,000. Whittier Trust Co. lifted its holdings in Dollar General by 66.3% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after purchasing an additional 116 shares during the last quarter. We Are One Seven LLC acquired a new stake in Dollar General during the 4th quarter worth approximately $35,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Dollar General by 282.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock worth $41,000 after purchasing an additional 282 shares during the last quarter. 96.00% of the stock is owned by institutional investors.



DG opened at $111.64 on Friday. Dollar General has a 12-month low of $86.87 and a 12-month high of $121.27. The company has a market capitalization of $31.44 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71. 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 (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar General will post 6.02 earnings per share for the current fiscal year.

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Dollar General to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, January 9th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Wells Fargo & Co increased their price target on Dollar General from $118.00 to $129.00 and gave the company an “outperform” rating in a research report on Friday, January 11th. Zacks Investment Research cut Dollar General from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Finally, BMO Capital Markets assumed coverage on Dollar General in a research report on Thursday, January 10th. They set an “outperform” rating and a $115.50 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $116.64.

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Dollar General Company Profile

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

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