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Monday, June 5, 2023

Dollar General Corporation (NYSE: DG) May Be Attracting Institutional Investments

After Hours

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. After-hours trades for Dollar General Corporation (DG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.48, or 0.22%, to $221.94. The Dollar General Corporation has recorded 122,531 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Dollar General Corporation Promotes Kelly Dilts to Executive Vice President and Chief Financial Officer.

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Stocks Info

Dollar General Corporation is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Discount Stores industry. At the end of the last regular session, the stock closed at $221.46 and fluctuated between $222.99 as its day high and $220.10 as its day low. The current market capitalization of Dollar General Corporation is $48.54B. A total of 1.35 million shares were traded on the day, compared to an average of 1.91M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DG has seen 19 BUY and 0 SELL insider trades, representing the acquisition of 146,471 and the disposition of 0 shares. Over the last 12 months, there were 44 BUYs and 32 SELLs from insiders. Insiders purchased 408,224 shares during that period but sold 431,662.

In the most recent transaction, McGuire Timothy I bought 3,550 shares of DG for 202.00 per share on Mar 24. After the transaction, the Director now owns 11,104 company shares. In a previous transaction on Jan 04, BRYANT WARREN F sold 1,951 shares at 243.93 per share. DG shares that Director owns now total 38,269.

Among the insiders who sold shares, Wenkoff Carman R disposed of 10,000 shares on Sep 30 at a per-share price of $240.49. This resulted in the EVP & Chief Information Ofc holding 22,980 shares of DG after the transaction. In another insider transaction, VASOS TODD J sold 97,259 shares at $241.55 per share on Sep 01. Company shares held by the Chief Executive Officer now total 85,369.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Dollar General Corporation pays an annual dividend of $2.36, resulting in a dividend yield of 1.07%, and it has a price to earnings (P/E) ratio of 20.73. DG’s most recent ex-dividend date was 4/10/2023 when it declared a $0.59 quarterly dividend that was paid in cash on 4/25/2023. Previously, the company paid the dividend on 1/17/2023 with an ex-dividend date of 12/30/2022. The DG stock dividend was $0.55 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DG in the last 3 months, the mean price target is $239.36 with high estimates of $285.00 and low estimates of $187.00. In terms of 52-week highs and lows, DG has a high of $261.59 and a low of $183.25.

As of this writing, DG has an earnings estimate of $2.39 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $2.53 per share and a lower estimate of $2.25. The company reported an EPS of $2.33 in the last quarter, which was -7.90% lower than expectations of $2.53.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DG’s latest balance sheet shows that the firm has $344.83M in Cash & Short Term Investments as of fiscal 2022. There were $14.25B in debt and $5.98B in liabilities at the time. Its Book Value Per Share was $25.04, while its Total Shareholder’s Equity was $6.26B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 29 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 4.20. A total of 17 analysts rated the stock as Buy while 3 rated it as Overweight while 7 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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