Insider Selling: Dollar General (NYSE:DG) EVP Sells 7,500 Shares of Stock

Dollar General Corporation (NYSE:DG) EVP Rhonda Taylor sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dollar General Price Performance

Shares of DG traded up $2.33 during midday trading on Wednesday, hitting $136.84. 3,764,933 shares of the company traded hands, compared to its average volume of 3,661,007. Dollar General Corporation has a one year low of $66.43 and a one year high of $137.60. The firm has a market cap of $30.12 billion, a P/E ratio of 23.63, a PEG ratio of 2.42 and a beta of 0.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The stock has a 50-day moving average of $107.82 and a 200-day moving average of $109.01.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The company had revenue of $10.65 billion during the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. Dollar General’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. Dollar General’s dividend payout ratio is presently 40.76%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Oppenheimer lifted their price objective on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Sanford C. Bernstein raised their price target on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Morgan Stanley boosted their price objective on Dollar General from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, December 5th. Evercore ISI set a $130.00 target price on shares of Dollar General in a research note on Friday, December 5th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $135.00 price target on shares of Dollar General in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $130.52.

Institutional Trading of Dollar General

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Dollar General during the second quarter worth approximately $25,000. Caldwell Trust Co purchased a new position in Dollar General in the 2nd quarter worth $25,000. Atlantic Union Bankshares Corp bought a new stake in Dollar General in the second quarter worth $26,000. Root Financial Partners LLC purchased a new stake in Dollar General during the third quarter valued at about $26,000. Finally, Peoples Financial Services CORP. bought a new position in shares of Dollar General during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.