103,664 Shares in Dollar General Co. (NYSE:DG) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in Dollar General Co. (NYSE:DG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 103,664 shares of the company’s stock, valued at approximately $8,767,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DG. Bank & Trust Co purchased a new position in shares of Dollar General in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar General in the second quarter valued at approximately $33,000. Studio Investment Management LLC boosted its stake in shares of Dollar General by 117.7% in the second 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. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar General in the second quarter valued at approximately $37,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Dollar General in the second quarter valued at approximately $39,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In other news, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were 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 of the company’s stock, valued at approximately $250,187.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Stock Performance

Dollar General stock opened at $78.94 on Thursday. The firm has a market capitalization of $17.36 billion, a P/E ratio of 12.26, a PEG ratio of 2.42 and a beta of 0.44. The stock has a fifty day moving average price of $87.03 and a 200 day moving average price of $115.63. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. 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 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 earnings per share. Equities research analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.99%. Dollar General’s payout ratio is currently 36.65%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DG shares. Wells Fargo & Company decreased their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and decreased their price target for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, The Goldman Sachs Group reduced their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.84.

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.