Dollar General Co. (NYSE:DG) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC cut its holdings in Dollar General Co. (NYSE:DG) by 51.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 21,158 shares of the company’s stock after selling 22,033 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Dollar General were worth $2,798,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its position in Dollar General by 12.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after purchasing an additional 76 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in Dollar General by 3.3% during the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after buying an additional 77 shares during the period. Industrial Alliance Investment Management Inc. increased its position in shares of Dollar General by 3.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after acquiring an additional 80 shares in the last quarter. Pullen Investment Management LLC raised its stake in shares of Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares during the period. Finally, Rise Advisors LLC lifted its holdings in shares of Dollar General by 14.8% during the 1st quarter. Rise Advisors LLC now owns 700 shares of the company’s stock valued at $109,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler cut their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. UBS Group reduced their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $103.00 in a research report on Friday, August 30th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Finally, Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $113.95.

Dollar General Stock Performance

Shares of NYSE DG opened at $86.01 on Monday. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07. The company has a market cap of $18.91 billion, a PE ratio of 12.52, a P/E/G ratio of 2.36 and a beta of 0.44. The stock has a 50 day simple moving average of $108.42 and a 200-day simple moving average of $129.69. 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 released 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter last year, the company earned $2.13 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

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

Insider Activity

In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was 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 in the company, valued at $762,819.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

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.