Benjamin Edwards Inc. Boosts Stake in Dollar General Co. (NYSE:DG)

Benjamin Edwards Inc. lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,930 shares of the company’s stock after acquiring an additional 841 shares during the quarter. Benjamin Edwards Inc.’s holdings in Dollar General were worth $784,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Burkett Financial Services LLC bought a new position in Dollar General during the 4th quarter valued at $26,000. Bank & Trust Co bought a new position in shares of Dollar General during the second quarter worth about $26,000. Fortis Group Advisors LLC grew its stake in Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar General in the second quarter valued at about $33,000. Finally, Quest Partners LLC acquired a new stake in Dollar General during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In related news, Director Warren F. Bryant acquired 500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Stock Performance

DG opened at $86.01 on Friday. The business has a 50 day moving average price of $108.42 and a two-hundred day moving average price of $130.05. 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 capitalization of $18.91 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.36 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.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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). The firm 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 EPS. Research analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. 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 is presently 34.35%.

Analysts Set New Price Targets

DG has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Wells Fargo & Company lowered their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 27th. Evercore ISI reduced their price target on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research report on Friday, August 30th. Piper Sandler lowered their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, Loop Capital cut their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.95.

Dollar General 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.