Insider Selling: Dollar General Corporation (NYSE:DG) EVP Sells 6,438 Shares of Stock

Dollar General Corporation (NYSE:DG - Get Free Report) EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president now directly owns 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Dollar General Stock Down 0.9%

NYSE DG traded down $1.05 during trading on Thursday, reaching $112.27. 2,227,326 shares of the company's stock were exchanged, compared to its average volume of 4,088,761. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The firm has a market capitalization of $24.71 billion, a PE ratio of 21.43, a P/E/G ratio of 2.93 and a beta of 0.26. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The company's fifty day simple moving average is $98.99 and its 200-day simple moving average is $84.81.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period last year, the company posted $1.65 EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Institutional Investors Weigh In On Dollar General

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after purchasing an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC raised its stake in shares of Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dollar General by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after purchasing an additional 118,204 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Dollar General during the 4th quarter worth about $399,433,000. Finally, ACR Alpine Capital Research LLC raised its stake in shares of Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock worth $369,081,000 after purchasing an additional 155,966 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DG. Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. Truist Financial raised their target price on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research note on Wednesday, June 4th. Telsey Advisory Group raised their target price on Dollar General from $100.00 to $120.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, April 8th. Finally, Raymond James Financial increased their price target on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $109.04.

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.