Valeo Financial Advisors LLC Cuts Stock Position in Dollar General Co. (NYSE:DG)

Valeo Financial Advisors LLC cut its holdings in shares of Dollar General Co. (NYSE:DG) by 36.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,952 shares of the company’s stock after selling 1,709 shares during the period. Valeo Financial Advisors LLC’s holdings in Dollar General were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank & Trust Co purchased a new stake in shares of Dollar General during the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar General during the second quarter worth approximately $33,000. Studio Investment Management LLC increased its stake in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar General during the second quarter worth approximately $37,000. Finally, Salem Investment Counselors Inc. increased its stake in shares of Dollar General by 104.9% during the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after buying an additional 128 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now 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.

Analysts Set New Price Targets

Several equities analysts have commented on DG shares. Argus dropped their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Evercore ISI dropped their price target on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research note on Friday, August 30th. BMO Capital Markets dropped their price target on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Truist Financial dropped their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Finally, Bank of America dropped their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $108.11.

Dollar General Price Performance

Shares of NYSE DG opened at $80.57 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The stock has a fifty day moving average price of $95.56 and a 200 day moving average price of $121.15. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07. The company has a market cap of $17.72 billion, a PE ratio of 11.73, a P/E/G ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the business earned $2.13 earnings per share. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

About Dollar General

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.