Dollar General Co. (NYSE:DG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Dollar General Co. (NYSE:DG) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 253,053 shares of the company’s stock after purchasing an additional 6,372 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Dollar General worth $21,401,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General during the third quarter worth $33,000. Studio Investment Management LLC increased its stake in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Dollar General in the 2nd quarter worth about $37,000. Quarry LP purchased a new position in Dollar General during the second quarter worth approximately $46,000. Finally, Pathway Financial Advisers LLC grew its holdings in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Loop Capital lowered their price objective on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. UBS Group reduced their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $98.27.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Dollar General Trading Up 0.0 %

NYSE DG opened at $74.64 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market capitalization of $16.42 billion, a P/E ratio of 12.30, a PEG ratio of 2.37 and a beta of 0.44. The firm’s 50-day moving average is $78.16 and its two-hundred day moving average is $98.29. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.16%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

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.