Short Interest in Dollar General Co. (NYSE:DG) Declines By 16.2%

Dollar General Co. (NYSE:DGGet Rating) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 4,390,000 shares, a drop of 16.2% from the May 15th total of 5,240,000 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,180,000 shares, the short-interest ratio is presently 2.0 days.

Dollar General stock traded down $1.76 during mid-day trading on Friday, hitting $230.47. The company had a trading volume of 66,159 shares, compared to its average volume of 2,380,034. The company has a current ratio of 0.97, a quick ratio of 0.09 and a debt-to-equity ratio of 0.66. Dollar General has a 12-month low of $183.25 and a 12-month high of $262.20. The company’s fifty day moving average is $232.05 and its 200-day moving average is $222.02. The company has a market capitalization of $52.32 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 1.74 and a beta of 0.52.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $2.31 by $0.10. The business had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.71 billion. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. As a group, sell-side analysts expect that Dollar General will post 11.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, July 1st. Dollar General’s dividend payout ratio (DPR) is 22.56%.

A number of brokerages have recently issued reports on DG. Morgan Stanley raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $225.00 to $250.00 in a research note on Thursday. StockNews.com lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Raymond James restated a “buy” rating and issued a $260.00 price objective on shares of Dollar General in a report on Friday, March 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dollar General from $242.00 to $234.00 in a report on Wednesday, May 25th. Finally, Telsey Advisory Group decreased their price objective on Dollar General from $265.00 to $230.00 and set an “outperform” rating for the company in a report on Tuesday, May 24th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Buy” and a consensus target price of $245.33.

In related news, EVP Emily C. Taylor sold 10,016 shares of the firm’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $220.20, for a total value of $2,205,523.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anita C. Elliott sold 7,502 shares of the firm’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $235.70, for a total transaction of $1,768,221.40. Following the completion of the transaction, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at $3,836,960.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,806 shares of company stock worth $5,827,797. Company insiders own 0.73% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Dollar General by 1.6% in the fourth quarter. BlackRock Inc. now owns 18,399,415 shares of the company’s stock valued at $4,339,132,000 after buying an additional 283,983 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Dollar General by 0.7% in the first quarter. Vanguard Group Inc. now owns 18,135,446 shares of the company’s stock valued at $4,037,495,000 after buying an additional 125,589 shares in the last quarter. Capital World Investors boosted its stake in shares of Dollar General by 8.8% in the first quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock valued at $3,757,569,000 after buying an additional 1,369,299 shares in the last quarter. State Street Corp boosted its stake in shares of Dollar General by 1.8% in the fourth quarter. State Street Corp now owns 9,983,184 shares of the company’s stock valued at $2,354,334,000 after buying an additional 176,588 shares in the last quarter. Finally, Capital International Investors boosted its stake in shares of Dollar General by 20.1% in the first quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock valued at $1,919,292,000 after buying an additional 1,442,731 shares in the last quarter. Institutional investors own 94.86% of the company’s stock.

Dollar General Company Profile (Get Rating)

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.

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