Headlands Technologies LLC Boosts Stock Position in Dollar General Co. (NYSE:DG)

Headlands Technologies LLC increased its stake in Dollar General Co. (NYSE:DG) by 293.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,625 shares of the company’s stock after purchasing an additional 1,958 shares during the quarter. Headlands Technologies LLC’s holdings in Dollar General were worth $347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Dollar General by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,211,391 shares of the company’s stock valued at $164,684,000 after buying an additional 51,937 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Dollar General by 3.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,996 shares of the company’s stock valued at $2,039,000 after acquiring an additional 551 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Dollar General by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 9,557 shares of the company’s stock worth $1,299,000 after acquiring an additional 407 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Dollar General by 21.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,485 shares of the company’s stock worth $31,421,000 after purchasing an additional 42,066 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Dollar General by 38.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 81,248 shares of the company’s stock valued at $11,046,000 after purchasing an additional 22,656 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Performance

NYSE:DG opened at $83.21 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The business has a 50 day moving average price of $113.67 and a 200-day moving average price of $132.50. The firm has a market cap of $18.30 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45.

Dollar General (NYSE:DG) last announced 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). The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. Equities research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

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 issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DG shares. Argus decreased their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. lowered their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $170.00 to $100.00 in a report on Friday, August 30th. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Friday, August 30th. Finally, Bank of America dropped their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $113.95.

Insider Transactions at Dollar General

In other Dollar General news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant acquired 1,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

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.