Dollar General Co. Director Sells $451,620 in Stock

Dollar General Co. (NYSE:DG) recently experienced a notable transaction as Director Michael M. Calbert sold 6,000 shares of the company's stock on Tuesday, December 31st. The shares were sold at an average price of $75.27, culminating in a total transaction value of $451,620. Following this sale, Calbert now holds 120,322 shares in Dollar General, with a current valuation of approximately $9,056,636.94. This transaction reflects a 4.75% decrease in Calbert's ownership stake in the company. Details of the sale were disclosed via a filing with the Securities and Exchange Commission (SEC), which is accessible for further details.

Market Performance of Dollar General

On a recent trading day, Dollar General's stock declined by 1.3%, closing at $74.67. During this period, 3,119,286 shares of the company changed hands, surpassing the average trading volume of 2,896,890 shares. Financial metrics show that Dollar General has a current ratio of 1.15, a quick ratio of 0.15, and a debt-to-equity ratio of 0.78. Over the past year, the stock has experienced a low of $72.12 and a high of $168.07. The company's fifty-day simple moving average stands at $77.36, while the two-hundred-day simple moving average is $96.23. Dollar General boasts a market capitalization of $16.42 billion and a price-to-earnings ratio of 12.30, with a P/E/G ratio of 2.37 and a beta of 0.44.

Quarterly Earnings Highlights

On December 5th, Dollar General released its quarterly earnings results, revealing earnings per share (EPS) of $0.89. This figure fell short of analysts' expectations, which averaged $0.97 by $0.08. The company registered a return on equity of 18.85% and a net margin of 3.33%. Revenue for this quarter totaled $10.18 billion, slightly exceeding analysts' predictions of $10.14 billion. In comparison to the previous year's quarter, revenue grew by 5.0%. Analysts project an EPS of 5.77 for the current fiscal year.

Dividend Announcement

Dollar General has also announced a quarterly dividend, scheduled to be paid on January 21st. Shareholders on record as of January 7th will receive a dividend of $0.59 per share, which translates into an annualized dividend of $2.36 and a yield of 3.16%. The company's dividend payout ratio is noted to be 38.88%.

Institutional Ownership Insights

In recent months, various hedge funds and institutional investors have adjusted their positions in Dollar General. Wilmington Savings Fund Society FSB established a new stake worth $33,000 during the last quarter. Studio Investment Management LLC significantly increased its holdings by 117.7% in the second quarter, acquiring a total of 283 shares valued at $37,000. Strategic Financial Concepts LLC and Quarry LP also entered positions valued at approximately $37,000 and $46,000, respectively. As of now, institutional investors collectively own 91.77% of Dollar General's stock, indicating significant institutional interest.

Analyst Recommendations

Overview of Dollar General

Dollar General Corporation is a discount retailer predominantly operating in the southern, southwestern, midwestern, and eastern United States. The company provides a wide array of merchandise, including consumables like paper products, cleaning supplies, packaged food, and perishables such as dairy and frozen goods.

Dollar, General, Stock