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

Dollar General Co. (NYSE:DG) Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dollar General Price Performance

DG stock opened at $74.67 on Friday. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.37 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $77.24 and its two-hundred day moving average price is $95.87.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. Dollar General’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. The Goldman Sachs Group lowered their price target on Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, December 6th. Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. BMO Capital Markets raised their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Melius Research initiated coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $98.27.

Hedge Funds Weigh In On Dollar General

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Dollar General by 64.5% in the fourth quarter. GAMMA Investing LLC now owns 4,932 shares of the company’s stock worth $374,000 after purchasing an additional 1,933 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Dollar General by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 253,053 shares of the company’s stock worth $21,401,000 after buying an additional 6,372 shares during the period. Birmingham Capital Management Co. Inc. AL bought a new position in shares of Dollar General in the 3rd quarter worth about $263,000. Franklin Resources Inc. lifted its position in Dollar General by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock valued at $5,517,000 after acquiring an additional 10,333 shares during the period. Finally, Tidal Investments LLC boosted its stake in Dollar General by 25.4% during the third quarter. Tidal Investments LLC now owns 17,315 shares of the company’s stock worth $1,464,000 after acquiring an additional 3,504 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.