Dollar General Co. (NYSE:DG) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in shares of Dollar General Co. (NYSE:DG) by 15.1% during the second quarter, Holdings Channel.com reports. The firm owned 122,185 shares of the company’s stock after selling 21,649 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Dollar General were worth $15,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC bought a new stake in shares of Dollar General during the fourth quarter valued at about $26,000. Fortis Group Advisors LLC raised its position in Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Bank & Trust Co bought a new stake in Dollar General in the second quarter worth about $26,000. Salem Investment Counselors Inc. raised its position in Dollar General by 104.9% in the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar General in the second quarter worth about $33,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

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

Dollar General Stock Up 1.9 %

NYSE:DG opened at $84.75 on Monday. The firm has a market capitalization of $18.64 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The stock’s 50 day moving average price is $112.80 and its two-hundred day moving average price is $131.96. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 earnings per share. Equities research analysts expect that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.78%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Analyst Upgrades and Downgrades

Several equities research 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 report on Monday, July 15th. 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 report on Monday, August 26th. Barclays dropped their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Wells Fargo & Company dropped their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Finally, Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $113.95.

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.