Short Interest in Dollar General Co. (NYSE:DG) Grows By 29.9%

Dollar General Co. (NYSE:DGGet Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,300,000 shares, an increase of 29.9% from the February 29th total of 4,850,000 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average trading volume of 2,390,000 shares, the short-interest ratio is presently 2.6 days.

Dollar General Stock Performance

Shares of DG opened at $156.06 on Monday. The company’s fifty day moving average is $144.21 and its 200-day moving average is $129.96. Dollar General has a 12 month low of $101.09 and a 12 month high of $222.99. The firm has a market cap of $34.28 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business posted $2.96 EPS. Dollar General’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts expect that Dollar General will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.51%. Dollar General’s payout ratio is presently 31.22%.

Institutional Trading of Dollar General

Hedge funds have recently bought and sold shares of the stock. Fiduciary Trust Co. lifted its stake in Dollar General by 0.7% in the first quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock valued at $1,866,000 after buying an additional 64 shares in the last quarter. SevenOneSeven Capital Management lifted its stake in Dollar General by 5.4% in the second quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock valued at $207,000 after buying an additional 64 shares in the last quarter. Kinneret Advisory LLC lifted its stake in Dollar General by 2.3% in the first quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock valued at $647,000 after buying an additional 65 shares in the last quarter. Cito Capital Group LLC lifted its position in shares of Dollar General by 2.5% in the first quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock worth $652,000 after purchasing an additional 75 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in shares of Dollar General by 7.6% in the fourth quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock worth $286,000 after purchasing an additional 82 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DG has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. The Goldman Sachs Group boosted their target price on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wells Fargo & Company boosted their target price on shares of Dollar General from $125.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, March 15th. Finally, Citigroup boosted their price target on shares of Dollar General from $115.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, December 8th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus target price of $153.04.

Get Our Latest Stock Analysis on DG

About Dollar General

(Get Free Report)

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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