Dollar General Co. (NYSE:DG) Director Buys $40,200.00 in Stock

Dollar General Co. (NYSE:DG) Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Dollar General Price Performance

Shares of NYSE DG opened at $80.57 on Thursday. The business’s 50 day moving average price is $114.52 and its two-hundred day moving average price is $132.85. The company has a market cap of $17.72 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.13 EPS. On average, analysts predict that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Analyst Ratings Changes

Several research firms have weighed in on DG. BMO Capital Markets reduced their target price on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. UBS Group dropped their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Wells Fargo & Company dropped their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Finally, Argus dropped their price target on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.95.

Hedge Funds Weigh In On Dollar General

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Capital International Investors boosted its holdings in shares of Dollar General by 11.3% during the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after acquiring an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after buying an additional 2,031,593 shares during the period. Capital World Investors boosted its stake in shares of Dollar General by 1.0% in the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after buying an additional 133,591 shares during the period. Finally, Norges Bank bought a new stake in shares of Dollar General in the fourth quarter valued at approximately $337,150,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Company Profile

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.