Daiwa Securities Group Inc. Boosts Stock Holdings in Dollar General Co. (NYSE:DG)

Daiwa Securities Group Inc. raised its holdings in shares of Dollar General Co. (NYSE:DG) by 12.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 26,919 shares of the company’s stock after purchasing an additional 3,009 shares during the period. Daiwa Securities Group Inc.’s holdings in Dollar General were worth $2,277,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bank & Trust Co bought a new stake in shares of Dollar General in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General in the 2nd quarter valued at about $33,000. Studio Investment Management LLC boosted its holdings in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in Dollar General in the 1st quarter worth approximately $45,000. Finally, TruNorth Capital Management LLC acquired a new stake in Dollar General in the 2nd quarter worth approximately $39,000. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Warren F. Bryant purchased 500 shares of the business’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 acquisition, the director now owns 41,030 shares in the company, valued at $3,298,812. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on DG shares. Evercore ISI lowered their target price on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Melius Research started coverage on shares of Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 target price for the company. Sanford C. Bernstein started coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 target price for the company. Truist Financial lowered their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, The Goldman Sachs Group lowered their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $104.00.

Dollar General Price Performance

NYSE:DG opened at $76.26 on Friday. 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 firm has a market cap of $16.77 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The company has a 50 day moving average price of $80.33 and a 200-day moving average price of $106.44. Dollar General Co. has a 1-year low of $72.12 and a 1-year high of $168.07.

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 the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. Equities research analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

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.