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Tuesday, March 21, 2023

This Is Too Hot For Dollar General Corporation (NYSE: DG), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Dollar General Corporation (DG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.42, or 0.19%, to $218.11. The Dollar General Corporation has recorded 38,859 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that New Specialty Home Scent Line, Kōze Place, Provides Premium Experience at Affordable Price.


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Stocks Info

As a NYSE listed company, DG falls under the Consumer Defensive sector while operating within the Discount Stores industry segment. At the end of the last regular session, the stock closed at $217.69 and fluctuated between $217.72 as its day high and $214.87 as its day low. The current market capitalization of Dollar General Corporation is $48.34B. A total of 1.32 million shares were traded on the day, compared to an average of 1.98M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DG has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 9,661 and the disposition of 10,453 shares. Over the last 12 months, there were 39 BUYs and 45 SELLs from insiders. Insiders purchased 430,534 shares during that period but sold 509,875.

In the most recent transaction, BRYANT WARREN F sold 1,951 shares of DG for 243.93 per share on Jan 04. After the transaction, the Director now owns 38,269 company shares. In a previous transaction on Sep 30, Wenkoff Carman R sold 10,000 shares at 240.49 per share. DG shares that EVP & Chief Information Ofc owns now total 22,980.

Among the insiders who sold shares, VASOS TODD J disposed of 97,259 shares on Sep 01 at a per-share price of $241.55. This resulted in the Chief Executive Officer holding 85,369 shares of DG after the transaction. In another insider transaction, VASOS TODD J sold 25,239 shares at $239.01 per share on Aug 30. Company shares held by the Chief Executive Officer now total 85,369.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Dollar General Corporation pays an annual dividend of $2.20, resulting in a dividend yield of 1.01%, and it has a price to earnings (P/E) ratio of 21.16. DG’s most recent ex-dividend date was 12/30/2022 when it declared a $0.55 quarterly dividend that was paid in cash on 1/17/2023. Previously, the company paid the dividend on 10/18/2022 with an ex-dividend date of 10/3/2022. The DG stock dividend was $0.55 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DG in the last 3 months, the mean price target is $247.15 with high estimates of $286.00 and low estimates of $190.00. In terms of 52-week highs and lows, DG has a high of $262.20 and a low of $183.25.

As of this writing, DG has an earnings estimate of $3.24 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $3.3 per share and a lower estimate of $3.15. The company reported an EPS of $2.98 in the last quarter, which was 1.70% higher than expectations of $2.93.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 31 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DG is Sell with a score of 4.16. A total of 16 analysts rated the stock as Buy while 5 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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