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

Dollar General Co. (NYSE:DG) Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dollar General Stock Down 0.1 %

Shares of DG opened at $80.57 on Thursday. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 2.41 and a beta of 0.45. 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 business’s fifty day moving average price is $114.52 and its two-hundred day moving average price is $132.85. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.93%. Dollar General’s dividend payout ratio is currently 34.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DG. Burkett Financial Services LLC bought a new position in shares of Dollar General in the 4th quarter worth $26,000. Bank & Trust Co bought a new position in shares of Dollar General in the 2nd quarter worth $26,000. Fortis Group Advisors LLC boosted its position in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General in the 2nd quarter worth $33,000. Finally, Montag A & Associates Inc. bought a new position in shares of Dollar General in the 4th quarter worth $37,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Loop Capital reduced their price objective on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Piper Sandler dropped their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Raymond James dropped their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their target price on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price 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.