Dollar General Co. (NYSE:DG) Director Michael M. Calbert Sells 6,000 Shares

Dollar General Co. (NYSE:DG) Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dollar General Stock Performance

NYSE:DG opened at $74.67 on Monday. The stock has a market capitalization of $16.42 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The firm has a 50 day moving average of $77.24 and a 200-day moving average of $95.43. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share 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 company had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.16%. Dollar General’s payout ratio is 38.88%.

Institutional Investors Weigh In On Dollar General

A number of institutional investors and hedge funds have recently made changes to their positions in DG. Studio Investment Management LLC raised its stake in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares during the last quarter. Quarry LP acquired a new stake in Dollar General during the 2nd quarter worth $46,000. Pathway Financial Advisers LLC raised its position in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General in the 3rd quarter valued at $33,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Dollar General in the 3rd quarter worth $57,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of several recent analyst reports. Evercore ISI dropped their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Sanford C. Bernstein assumed coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price on the stock. Bernstein Bank reduced their price target on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. HSBC dropped their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Finally, Truist Financial decreased their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dollar General 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.