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I screened with Open Insider for insider sell transactions filed on October 12. From this list, I chose the top five stocks with insider selling in dollar terms. Here is a look at the top five stocks:

1. Dollar General Corporation (NYSE:DG) has been delivering value to shoppers for more than 70 years. Dollar General helps shoppers Save time. Save money. Every day! by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at low everyday prices in convenient neighborhood locations. With more than 10,000 stores in 40 states, Dollar General has more retail locations than any retailer in America. In addition to high quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills, Nabisco, Hanes, PepsiCo and Coca-Cola.

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Insider sells

  • Buck Holdings sold 4,929,508 shares on October 11 pursuant to a Dollar General's share repurchase program, 5,400,000 shares on October 10 pursuant to a secondary offering and 35,529,421 shares on October 3 pursuant to a secondary offering. Buck Holdings currently holds 66,314,011 shares of Dollar General. Dollar General has 328,241,200 shares outstanding which makes Buck Holdings a 20.2% owner of Dollar General.
  • Todd Vasos sold 37,453 shares on October 3 pursuant to a secondary offering. Todd Vasos is executive vice president, division president and chief merchandising officer responsible for merchandising, marketing and global sourcing.
  • John Flanigan sold 29,489 shares on October 3 pursuant to a secondary offering. John Flanigan joined Dollar General as senior vice president, global supply chain in May 2008 and was promoted to executive vice president, global supply chain in March 2010.
  • Robert Ravener sold 33,587 shares on October 3 pursuant to a secondary offering. Robert Ravener is executive vice president and chief people officer at Dollar General, responsible for all human resources initiatives.
  • Anita Elliott sold 10,000 shares on October 3 pursuant to a secondary offering. Anita Elliott joined Dollar General in August 2005 and serves as Senior Vice President and Controller.
  • Susan Lanigan sold 22,432 shares on October 3 pursuant to a secondary offering. Susan Lanigan joined Dollar General in July 2002 as vice president, general counsel and corporate secretary.
  • David Tehle sold 32,894 shares on October 3 pursuant to a secondary offering. David Tehle joined Dollar General in June 2004 and serves as Executive Vice President and Chief Financial Officer.
  • Richard Dreiling sold 120,996 shares on October 3 pursuant to a secondary offering. Richard Dreiling has been Chief Executive Officer and Chairman of the Board with Dollar General Corporation since 2008.

Financials

The company reported the second-quarter financial results on September 5 with the following highlights:

Revenue$3.9 billion
Net income$214.1 million
Cash$134.2 million

Outlook

The company expects total sales for the 2012 fiscal year to increase 8 to 9 percent over the 53-week 2011 fiscal year, or 10 to 11 percent on a comparable 52-week basis. Same-store sales, based on a comparable 52-week period, are expected to increase 4 to 5 percent, an increase from the previous expectation of the low end of 3 percent. For the year, operating profit, excluding expenses resulting from secondary offerings of the company's stock, is expected to be between $1.64 billion and $1.66 billion, as compared to the company's previous guidance of between $1.62 billion and $1.66 billion.

Diluted EPS for the 52-week fiscal year is expected to be approximately $2.77 to $2.85.

The company plans to open approximately 625 new stores, including 40 Dollar General Market stores in 2012. In addition, the company plans to remodel or relocate a total of approximately 575 stores, an increase from the company's previous estimate of 550. Square footage is expected to increase by approximately 7 percent. Capital expenditures are expected to be in the range of $600 million to $650 million.

My analysis

The stock is currently trading very close to its all time highs. There have been 33 insider sell transactions and there has been one insider buy transaction since March 2012. The stock is trading at a P/E ratio of 18.87 and a forward P/E ratio of 14.75. I have a neutral bias for the stock currently.

2. Mattress Firm Holding Corporation (NASDAQ:MFRM) is one of the nation's leading mattress specialty retailers, offering a broad selection of both traditional and specialty mattresses from leading manufacturers, bedding accessories and related products.

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Insider sells

  • Jwc Mattress Holdings sold 2,127,440 shares on October 10 pursuant to a public offering. Jwc Mattress Holdings currently holds 18,105,470 shares of Mattress Firm Holding Corporation. Mattress Firm Holding Corporation has 33,768,828 shares outstanding which makes Jwc Mattress Holdings a 53.6% owner of Mattress Firm Holding Corporation.
  • Stephen Stagner sold 152,000 shares on October 10 pursuant to a public offering. Stephen Stagner became the company's Chief Operating Officer in January 2005 as a result of the merger between Mattress Firm and his former Mattress Firm franchise, Elite Management Team.
  • Kenneth Murphy III sold 24,729 shares on October 10 pursuant to a public offering. Kenneth Murphy III became the company's National Vice President of Sales in September 2010 after holding various positions within Mattress Firm since 2005.
  • George McGill sold 10,000 shares on October 10 pursuant to a public offering. George McGill was promoted to Vice President of Field Operations in July 2009 from his previous position as Vice President of Operations, which he held from January 2007, until his promotion.
  • Bruce Levy sold 4,000 shares on October 10 pursuant to a public offering. Bruce Levy became Vice President of Real Estate and Construction in January 2009 to focus on continuing the company's nationwide expansion.
  • Karrie Forbes sold 20,820 shares on October 10 pursuant to a public offering. Karrie Forbes became Vice President of Marketing in January 2008, responsible for the strategic direction of the marketing, advertising and communication.
  • James Black sold 55,000 shares on October 10 pursuant to a public offering. James Black became Executive Vice President and Chief Financial Officer in September 2000.

Financials

The company reported the second-quarter financial results on September 6 with the following highlights:

Revenue$262.0 million
Net income$3.6 million
Cash$6.2 million

Outlook

The company's guidance for the full fiscal year ending January 29, 2013 is as follows:

 FY2013
Revenue$1.022-$1.039 billion
GAAP EPS$1.47-$1.50

For the third fiscal quarter ending October 30, 2012, the company expects net sales in a range from $270 million to $275 million, and EPS in a range from $0.38 to $0.41.

My analysis

The stock has a $44 price target from the Point and Figure chart. There have been seven insider sell transactions and there has been one insider buy transaction this year. The stock is trading at a P/E ratio of 21.25 and a forward P/E ratio of 14.65. I am not interested in shorting the stock before the $44 price target is hit.

3. Kohl's (NYSE:KSS) is a family-focused, value-oriented specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products in an exciting shopping environment. With a commitment to environmental leadership, Kohl's operates 1,134 stores in 49 states. In support of the communities it serves, Kohl's has raised more than $208 million for children's initiatives nationwide through its Kohl's Cares cause merchandise program, which operates under Kohl's Cares, a wholly-owned subsidiary of Kohl's Department Stores.

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Insider sells

  • William Kellogg sold 600,000 shares on September 12 and 900,000 shares on August 22-24. William Kellogg serves as a director of the company.
  • John Herma sold 260,005 shares on September 12-14 and 500,000 shares on August 22-24. John Herma serves as a director of the company.
  • Peter Sommerhauser sold 30,000 shares on September 12 and 43,982 shares on August 22-24. Peter Sommerhauser serves as a director of the company.

Financials

The company reported the second-quarter financial results on August 9 with the following highlights:

Revenue$4.2 billion
Net income$240 million
Cash$600 million
Quarterly dividend$0.32 per share

Outlook

The company provided initial earnings guidance on August 9 for the fiscal quarter ending October 27, 2012 of $0.83 to $0.89 per diluted share. The guidance is based on total sales growth of 1 to 3 percent and comparable store sales growth of flat to 2 percent and includes expected third quarter share repurchases of $300 million. After incorporating its second quarter results and third quarter outlook, the company now expects to earn $4.50 to $4.65 per diluted share for fiscal 2012 versus its previous guidance of $4.75 per diluted share.

News

Kohl's Corporation reported on October 4 that for the five-week month ended September 29, 2012 total sales decreased 1.4 percent and comparable store sales decreased 2.7 percent from the five-week month ended October 1, 2011. Quarter to date, total sales increased 1.7 percent and comparable store sales increased 0.2 percent. Year to date, total sales increased 0.8 percent and comparable store sales decreased 0.9 percent.

The company opened 12 new stores in September 2012 and now operates 1,146 stores in 49 states, compared to 1,127 stores at the same time last year. The company remains comfortable with its previous earnings guidance of $0.83 to $0.89 per diluted share for the fiscal third quarter.

My analysis

The stock has a $77 price target from the Point and Figure chart. There have been 11 insider sell transactions and there have not been any insider buy transactions since March 2012. The stock is trading at a P/E ratio of 12.16 and a forward P/E ratio of 10.06. I am not interested in shorting the stock before the $77 price target is met.

4. Liberty Interactive Corporation (NASDAQ:LINTA) operates and owns interests in a broad range of digital commerce businesses. Those interests are currently attributed to two tracking stock groups: Liberty Interactive Group and Liberty Ventures Group. The Liberty Interactive Group is primarily focused on digital commerce and consists of Liberty Interactive Corporation's subsidiaries Backcountry.com, Bodybuilding.com, Celebrate Interactive (including Evite and Liberty Advertising), CommerceHub, MotoSport, Provide Commerce, QVC, Right Start, and Liberty Interactive Corporation's interests in HSN and Lockerz. The Liberty Ventures Group (NASDAQ:LVNTA) consists of Liberty Interactive Corporation's non-consolidated assets, including interests in AOL (NYSE:AOL), Expedia (NASDAQ:EXPE), Interval Leisure Group (NASDAQ:IILG), Time Warner (NYSE:TWX), Time Warner Cable (NYSE:TWC), Tree.com (NASDAQ:TREE), TripAdvisor (NASDAQ:TRIP) and various green energy investments.

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Insider sells

Gregory Maffei sold 442,124 shares on October 10-11 pursuant to a 10b5-1 trading plan. Gregory Maffei has been President and Chief Executive Officer of Liberty Media since February 2006.

Financials

The company reported the second-quarter financial results on August 8 with the following highlights:

Revenue$1.974 billion
Net income$234 million
Cash$794 million

My analysis

The stock has a $29 price target from the Point and Figure chart. There have been 20 insider sell transactions and there have not been any insider buy transactions this year. The stock is trading at a P/E ratio of 17.87 and a forward P/E ratio of 14.65. The company has a book value of $11.34 per share. I am not interested in shorting the stock before the $29 price target is met.

5. Range Resources Corporation (NYSE:RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. The company is headquartered in Fort Worth, Texas.

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Insider sells

John Pinkerton sold 50,000 shares on October 11. John Pinkerton, Executive Chairman and a director, became a director in 1988 and was elected Chairman of the Board of Directors in 2008.

Financials

The company reported the second-quarter financial results on July 24 with the following highlights:

Revenue$442.4 million
Net income$55.7 million
Cash$0.2 million

News

The company announced on October 11 its third quarter 2012 production results, preliminary realized prices and an update on its hedging status. On an equivalent basis, production volumes exceeded the upper range of guidance for the third quarter production averaging 790 Mmcfe net per day, a 47% increase over the prior-year quarter and 10% greater than second quarter 2012. The record production was driven by the continued success of the company's drilling program in the Marcellus and horizontal Mississippian oil plays. Production was 79% natural gas, 15% natural gas liquids [NGLs] and 6% crude oil. Year-over-year oil production increased 36%, NGL production rose 30%, while natural gas production increased 52%. Preliminary third quarter average net production volumes were: 623.3 Mmcf per day of natural gas, 20,040 barrels per day of NGLs and 7,748 barrels per day of crude oil.

My analysis

The stock has a $74 price target from the Point and Figure chart. There have been 21 insider sell transactions and there have not been any insider buy transactions this year. The stock is trading at a P/E ratio of 265.67 and a forward P/E ratio of 63.48. The company has a book value of $14.88 per share. I am not interested in shorting the stock before the $74 price target is met.

Source: Top 5 Stocks With Insider Sells Filed On October 12 To Consider