Carman R. Wenkoff, the Executive Vice President and Chief Information Officer of Dollar General Corp (NYSE:DG), has sold a total of 5,909 shares of the company's common stock. The transaction, dated April 4, 2024, amounted to over $958,616, with the shares being sold at a weighted average price of $162.2299.
Investors following Dollar General's executive transactions would note that the sales occurred in multiple batches, with prices ranging from $162.085 to $162.53 per share. The exact number of shares traded at each price point within this range is available upon request, as Wenkoff has committed to providing detailed information if required by Dollar General Corporation (NYSE:DG), its security holders, or the SEC staff.
Following the sale, Wenkoff's remaining stake in the company is 28,579 shares of common stock, which are held directly. This move by a high-ranking executive is often monitored by investors as it provides insights into the insider's perspective on the company's current valuation and future prospects.
Dollar General, known for its variety stores and headquartered in Goodlettsville, Tennessee, has not made any official statements regarding this transaction. The sale was made public through a Form 4 filing with the Securities and Exchange Commission on April 5, 2024.
InvestingPro Insights
Amidst the news of Carman R. Wenkoff's stock sale, investors and analysts are keeping a close watch on Dollar General Corp's (NYSE:DG) financial health and market performance. According to real-time data from InvestingPro, Dollar General boasts a robust Market Cap of $35.07 billion as of the last twelve months leading up to Q4 2024. The company's Price-to-Earnings (P/E) Ratio stands at 21.09, reflecting investor expectations of future earnings growth, which aligns with the company's P/E Ratio (Adjusted) of 21.03 for the same period.
InvestingPro Tips highlight Dollar General's position as a prominent player in the Consumer Staples Distribution & Retail industry, with a strong return over the last three months, marked by an impressive 18.04% price total return. This performance is further bolstered by a significant six-month price uptick of 51.48%. With liquid assets exceeding short-term obligations and a healthy dividend yield of 1.48%, the company's financial stability appears reassuring to investors.
For those seeking a deeper dive into Dollar General's potential, InvestingPro offers additional insights. There are 20 more InvestingPro Tips available, providing a comprehensive analysis of the company's financials and market position. Interested readers can explore these valuable tips by visiting InvestingPro's dedicated page for Dollar General at https://www.investing.com/pro/DG. To access these insights, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Overall, the data and tips available through InvestingPro paint a picture of a company that has demonstrated profitability over the last twelve months and is predicted by analysts to remain profitable this year. This context may offer investors a broader perspective on the significance of executive transactions like Wenkoff's recent sale.
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