Carman R. Wenkoff Sells 5,909 Shares of Dollar General Co. (NYSE:DG) Stock

Dollar General Co. (NYSE:DG - Get Free Report) EVP Carman R. Wenkoff sold 5,909 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company's stock, valued at approximately $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dollar General Trading Up 0.3 %

Shares of Dollar General stock traded up $0.51 during trading on Friday, reaching $159.55. 2,614,311 shares of the company were exchanged, compared to its average volume of 2,413,936. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99. The business has a 50-day moving average price of $146.17 and a 200-day moving average price of $130.98. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.85 and a beta of 0.42.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business had revenue of $9.86 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same period in the previous year, the firm earned $2.96 earnings per share. The firm's quarterly revenue was down 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.48%. Dollar General's payout ratio is 31.22%.

Analysts Set New Price Targets

DG has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Dollar General from $147.00 to $169.00 and gave the company a "buy" rating in a research report on Friday, March 15th. Piper Sandler reiterated a "neutral" rating and issued a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Argus lifted their price objective on Dollar General from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Oppenheimer reiterated a "market perform" rating on shares of Dollar General in a research report on Wednesday, March 6th. Finally, BMO Capital Markets lifted their price objective on Dollar General from $130.00 to $160.00 and gave the company a "market perform" rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $152.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in Dollar General by 24.8% in the first quarter. GAMMA Investing LLC now owns 2,970 shares of the company's stock valued at $463,000 after acquiring an additional 590 shares during the period. Insight Wealth Strategies LLC lifted its holdings in shares of Dollar General by 24.6% in the first quarter. Insight Wealth Strategies LLC now owns 10,664 shares of the company's stock valued at $1,664,000 after purchasing an additional 2,105 shares in the last quarter. Cravens & Co Advisors LLC lifted its holdings in shares of Dollar General by 4.3% in the first quarter. Cravens & Co Advisors LLC now owns 5,007 shares of the company's stock valued at $781,000 after purchasing an additional 205 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Dollar General by 106.1% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,799 shares of the company's stock valued at $516,000 after purchasing an additional 1,956 shares in the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Dollar General in the fourth quarter valued at about $664,000. 91.77% of the stock is owned by institutional investors and hedge funds.

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.