Souders Financial Advisors Sells 237 Shares of Dollar General Co. (NYSE:DG)

Souders Financial Advisors lessened its stake in Dollar General Co. (NYSE:DG) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,354 shares of the company’s stock after selling 237 shares during the period. Souders Financial Advisors’ holdings in Dollar General were worth $972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after acquiring an additional 11,257,537 shares during the period. Vanguard Group Inc. grew its holdings in shares of Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Capital International Investors grew its holdings in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after acquiring an additional 2,273,119 shares during the period. Pzena Investment Management LLC purchased a new position in shares of Dollar General during the 1st quarter worth approximately $301,738,000. Finally, Point72 Asset Management L.P. grew its stake in shares of Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after buying an additional 765,206 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $170.00 to $100.00 in a report on Friday, August 30th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $168.00 to $103.00 in a report on Friday, August 30th. UBS Group cut their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Melius Research began coverage on Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 price target for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $109.48.

Dollar General Stock Down 3.1 %

Shares of NYSE DG opened at $84.57 on Tuesday. 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 has a market cap of $18.60 billion, a P/E ratio of 12.31, a PEG ratio of 2.52 and a beta of 0.44. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The firm has a 50-day simple moving average of $103.78 and a two-hundred day simple moving average of $126.65.

Dollar General (NYSE:DG) last posted its quarterly 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). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the prior year, the firm posted $2.13 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Research analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.79%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Insider Activity at Dollar General

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

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.