Dollar General Co. (NYSE:DG) Shares Sold by PFG Investments LLC

PFG Investments LLC trimmed its position in Dollar General Co. (NYSE:DG) by 32.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,365 shares of the company’s stock after selling 1,127 shares during the quarter. PFG Investments LLC’s holdings in Dollar General were worth $313,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DG. Burkett Financial Services LLC purchased a new stake in Dollar General in the 4th quarter valued at about $26,000. Bank & Trust Co purchased a new stake in Dollar General in the second quarter valued at approximately $26,000. Fortis Group Advisors LLC boosted its position in shares of Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General in the second quarter valued at $33,000. Finally, Quest Partners LLC purchased a new stake in shares of Dollar General in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $83.21 on Friday. Dollar General Co. has a 12 month low of $77.96 and a 12 month high of $168.07. The firm has a market capitalization of $18.30 billion, a P/E ratio of 12.11, a P/E/G ratio of 2.41 and a beta of 0.45. 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 company’s fifty day moving average price is $113.67 and its 200 day moving average price is $132.50.

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 during 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%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. As a group, sell-side analysts predict that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.84%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company lowered their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Truist Financial reduced their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Argus decreased their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, July 15th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $113.95.

Insider Buying and Selling

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

Dollar General 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.