Dollar General Co. (NYSE:DG) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Dollar General Co. (NYSE:DG) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,619 shares of the company’s stock after selling 3,117 shares during the period. Amalgamated Bank’s holdings in Dollar General were worth $5,900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DG. Burkett Financial Services LLC purchased a new stake in shares of Dollar General in the fourth quarter worth about $26,000. Fortis Group Advisors LLC grew 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 valued at $27,000 after acquiring an additional 100 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of Dollar General during the second quarter valued at approximately $26,000. Salem Investment Counselors Inc. raised its stake in shares of Dollar General by 104.9% during the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General during the second quarter worth $33,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

DG stock opened at $86.01 on Friday. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The stock’s fifty day moving average is $108.42 and its two-hundred day moving average is $130.05.

Dollar General (NYSE:DG) last posted its 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). 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 for the quarter, compared to analyst estimates of $10.37 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.74%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is currently 34.35%.

Insiders Place Their Bets

In related news, Director Warren F. Bryant acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Warren F. Bryant acquired 500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DG shares. Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. BMO Capital Markets cut their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Loop Capital reduced their price target on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Truist Financial cut their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Finally, Wells Fargo & Company decreased their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. One 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 company. According to data from MarketBeat.com, the company 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.