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

Dollar General Co. (NYSE:DG) EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dollar General Stock Performance

Shares of DG stock opened at $159.55 on Friday. The company’s fifty day simple moving average is $146.69 and its 200-day simple moving average is $131.42. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company has a market cap of $35.05 billion, a PE ratio of 21.10, a P/E/G ratio of 2.84 and a beta of 0.42.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the firm posted $2.96 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

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

Analyst Upgrades and Downgrades

DG has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. BMO Capital Markets increased their price target on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Evercore ISI lowered their price target on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a research report on Tuesday, April 2nd. Finally, Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Dollar General has an average rating of “Hold” and an average target price of $152.96.

Hedge Funds Weigh In On Dollar General

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. Capital International Investors grew its holdings in Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after purchasing an additional 2,273,119 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after purchasing an additional 11,257,537 shares in the last quarter. Capital World Investors grew its holdings in Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after purchasing an additional 133,591 shares in the last quarter. Finally, State Street Corp grew its holdings in Dollar General by 11.3% during the 1st quarter. State Street Corp now owns 9,765,333 shares of the company’s stock valued at $2,055,202,000 after purchasing an additional 994,813 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.