Allworth Financial LP Sells 447 Shares of Dollar General Co. (NYSE:DG)

Allworth Financial LP decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,468 shares of the company’s stock after selling 447 shares during the quarter. Allworth Financial LP’s holdings in Dollar General were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank & Trust Co bought a new stake in Dollar General during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General during the second quarter worth about $33,000. Studio Investment Management LLC increased 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 during the period. Strategic Financial Concepts LLC bought a new position in Dollar General in the 2nd quarter valued at approximately $37,000. Finally, TruNorth Capital Management LLC acquired a new stake in Dollar General during the 2nd quarter worth approximately $39,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Melius Research assumed coverage on shares of Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target on the stock. Truist Financial reduced their price target 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. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Bank of America reduced their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Finally, Loop Capital lowered their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.84.

Dollar General Trading Up 1.4 %

Shares of Dollar General stock opened at $80.03 on Friday. The stock has a market capitalization of $17.60 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The stock has a 50 day moving average price of $86.17 and a two-hundred day moving average price of $115.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $2.13 EPS. As a group, equities analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.95%. Dollar General’s payout ratio is 36.65%.

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.