Stock traders buy large volume of general dollar call options (NYSE: DG)

Dollar General Co. (NYSE: DG) was the target of unusual option trades on Friday. Equity investors acquired 27,192 call options on the company. This represents a 409% increase over the average daily volume of 5,344 call options.

Meanwhile, CFO John W. Garratt sold 29,412 company shares in a trade that took place on Friday, December 3. The stock was sold for an average price of $ 223.30, for a total trade of $ 6,567,699.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through this link. Additionally, CEO Todd J. Vasos sold 337,456 shares of the company in a trade that took place on Friday, December 3. The shares were sold for an average price of $ 220.97, for a total value of $ 74,567,652.32. Disclosure of this sale can be found here. Insiders sold a total of 367,744 shares of the company valued at $ 81,330,122 during the last quarter. Company insiders own 0.73% of the company’s shares.

Several institutional investors and hedge funds have recently changed their positions within CEOs. SRS Capital Advisors Inc. increased its stake in Dollar General shares by 2.1% in the third quarter. SRS Capital Advisors Inc. now owns 2,140 shares of the company valued at $ 454,000 after purchasing 45 additional shares during the period. First Mercantile Trust Co. increased its stake in Dollar General shares by 8.8% in the third quarter. First Mercantile Trust Co. now owns 556 shares of the company valued at $ 118,000 after purchasing 45 additional shares during the period. Condor Capital Management increased its stake in Dollar General shares by 0.3% in the second quarter. Condor Capital Management now owns 13,846 shares of the company valued at $ 2,996,000 after purchasing 46 additional shares during the period. TrinityPoint Wealth LLC increased its stake in Dollar General shares by 1.7% in the second quarter. TrinityPoint Wealth LLC now owns 2,755 shares of the company valued at $ 596,000 after purchasing 46 additional shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Dollar General shares by 4.0% in the second quarter. Proficio Capital Partners LLC now owns 1,217 shares of the company valued at $ 263,000 after purchasing 47 additional shares during the period. 90.05% of the shares are held by institutional investors and hedge funds.

(A d)

Access our leading research platform which includes MarketBeat Daily Premium, portfolio monitoring tools, stock filters, research tools, real-time news feed, email and SMS alerts , the MarketBeat idea engine, exclusive brokerage rankings, extensive data export tools and more. Save 50% on your 2022 subscription. Only $ 1.00 for the first 30 days.

NYSE DG traded up $ 2.62 in Friday’s session, reaching $ 238.45. The company’s shares had a trade volume of 31,832 shares, compared to its average volume of 1,913,719. The company has a current ratio of 1.08, a quick ratio of 0.15, and a ratio of debt of 0.67. The stock has a market cap of $ 55.25 billion, a PE ratio of 23.25, a PEG ratio of 1.77 and a beta of 0.49. The company has a 50-day moving average price of $ 223.58 and a 200-day moving average price of $ 222.24. Dollar General has a one-year low at $ 173.50 and a one-year high at $ 239.35.

Dollar General (NYSE: DG) last released its results on Thursday, December 2. The company reported earnings per share (EPS) of $ 2.08 for the quarter, beating the Zacks’ consensus estimate of $ 2.01 by $ 0.07. Dollar General had a net margin of 7.19% and a return on equity of 38.74%. The company posted revenue of $ 8.52 billion in the quarter, compared to $ 8.50 billion expected by analysts. During the same period of the previous year, the company achieved earnings per share of $ 2.31. The company’s revenue increased 3.9% compared to the same quarter last year. As a group, analysts expect Dollar General to post earnings per share of 10.17 for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18. Shareholders of record on Tuesday, January 4 will receive a dividend of $ 0.42. This represents a dividend of $ 1.68 on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Monday January 3. Dollar General’s payout ratio is 16.45%.

Dollar General said its board of directors on Thursday (December 2) approved a share buyback plan that allows the company to repurchase $ 2.00 billion in shares. This buyback authorization authorizes the company to buy back up to 3.9% of its shares by way of purchase on the market. Share buyback plans are usually a sign that the board of directors of the company feels its shares are undervalued.

A number of analysts have commented on DG’s actions. BMO Capital Markets reaffirmed a “buy” rating and set a price target of $ 250.00 on Dollar General shares in a research report released on Friday, December 3. Deutsche Bank Aktiengesellschaft lowered its price target on Dollar General shares from $ 254.00 to $ 251.00 and set a “buy” rating on the stock in a research report on Friday, December 3. Morgan Stanley increased its price target for Dollar General shares from $ 245.00 to $ 250.00 and rated the stock “overweight” in a research report published on Monday, December 6. Finally, Wells Fargo & Company reaffirmed a “buy” note on Dollar General shares in a research report on Thursday, December 9. One stock research analyst rated the stock with a sell rating, three assigned a conservation rating, sixteen assigned a buy rating, and one assigned a high buy rating to the stock. Based on MarketBeat data, Dollar General currently has an average rating of “Buy” and an average target price of $ 244.17.

About Dollar General

Dollar General Corp. operates merchandise stores. Its offerings include food, snacks, health and beauty products, cleaning supplies, basic clothing, housewares and seasonal items. It sells brands such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestlé, Kimberly-Clark, Kellogg’s, General Mills and PepsiCo. The company was founded by J.

See also: What is a derivative?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Dollar General now?

Before you consider Dollar General, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and Dollar General was not on the list.

While Dollar General currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.

See the 5 actions here

Comments are closed.