Dollar General Co. (NYSE:DG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in Dollar General Co. (NYSE:DG) by 62.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,574 shares of the company’s stock after buying an additional 64,336 shares during the period. Victory Capital Management Inc. owned about 0.08% of Dollar General worth $14,087,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Dollar General by 1.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 480,824 shares of the company’s stock worth $40,663,000 after acquiring an additional 8,388 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Dollar General during the third quarter worth $212,000. Patten & Patten Inc. TN grew its position in shares of Dollar General by 28.2% in the third quarter. Patten & Patten Inc. TN now owns 4,976 shares of the company’s stock valued at $421,000 after purchasing an additional 1,095 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Dollar General by 0.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 81,242 shares of the company’s stock valued at $6,871,000 after purchasing an additional 568 shares during the last quarter. Finally, Sigma Planning Corp lifted its position in Dollar General by 72.8% during the third quarter. Sigma Planning Corp now owns 4,299 shares of the company’s stock worth $364,000 after buying an additional 1,811 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Warren F. Bryant bought 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. This represents a 2.44 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Trading Down 0.8 %

NYSE DG opened at $76.51 on Wednesday. The company’s fifty day simple moving average is $81.69 and its 200-day simple moving average is $109.14. The stock has a market cap of $16.83 billion, a P/E ratio of 11.88, a PEG ratio of 2.22 and a beta of 0.45. Dollar General Co. has a 52 week low of $73.51 and a 52 week high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 3.08%. Dollar General’s dividend payout ratio is presently 36.65%.

Wall Street Analyst Weigh In

Several research firms have commented on DG. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Evercore ISI cut their price target on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, The Goldman Sachs Group dropped their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.00.

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.