Kwmg LLC Buys 4,500 Shares of Dollar General Co. (NYSE:DG)

Kwmg LLC boosted its position in shares of Dollar General Co. (NYSE:DG) by 12.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 41,414 shares of the company’s stock after purchasing an additional 4,500 shares during the period. Kwmg LLC’s holdings in Dollar General were worth $3,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bank & Trust Co bought a new position in Dollar General in the 2nd quarter worth about $26,000. Fortis Group Advisors LLC raised its holdings in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar General in the second quarter worth approximately $33,000. Studio Investment Management LLC grew its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Dollar General in the 2nd quarter valued at $37,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Truist Financial cut their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Morgan Stanley cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Raymond James decreased their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Argus lowered their price target on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $109.48.

Dollar General Stock Down 0.1 %

NYSE DG traded down $0.05 during mid-day trading on Monday, reaching $84.30. The stock had a trading volume of 3,691,428 shares, compared to its average volume of 3,044,658. The company has a fifty day moving average price of $100.95 and a 200 day moving average price of $124.65. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The stock has a market cap of $18.54 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter last year, the business earned $2.13 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.80%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Insider Transactions at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Company Profile

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.