Steven R. Deckard Sells 2,010 Shares of Dollar General Co. (NYSE:DG) Stock

Dollar General Co. (NYSE:DG) EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Dollar General Stock Down 0.6 %

DG opened at $86.01 on Friday. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The company has a market capitalization of $18.91 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.36 and a beta of 0.44. The stock has a fifty day moving average of $108.42 and a 200-day moving average of $130.05.

Dollar General (NYSE:DG) last posted its 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the business posted $2.13 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its stake in Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after purchasing an additional 26,813 shares in the last quarter. Cetera Investment Advisers grew its position in Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after acquiring an additional 47,534 shares during the last quarter. Vanguard Group Inc. grew its position in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares during the last quarter. Nexus Investment Management ULC grew its position in Dollar General by 10.5% in the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after acquiring an additional 18,280 shares during the last quarter. Finally, FIL Ltd grew its position in Dollar General by 31.4% in the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock valued at $182,194,000 after acquiring an additional 320,157 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DG. Loop Capital decreased their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. UBS Group decreased their target price on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. BMO Capital Markets decreased their target price on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Finally, Truist Financial decreased their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $113.95.

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.