Ensign Peak Advisors Inc Purchases 13,716 Shares of Dollar General Co. (NYSE:DG)

Ensign Peak Advisors Inc boosted its position in Dollar General Co. (NYSE:DG) by 8.1% in the second quarter, Holdings Channel.com reports. The firm owned 183,432 shares of the company’s stock after buying an additional 13,716 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Dollar General were worth $24,255,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DG. Burkett Financial Services LLC bought a new position in Dollar General in the fourth quarter worth $26,000. Bank & Trust Co bought a new position in Dollar General in the second quarter worth $26,000. Fortis Group Advisors LLC raised its holdings 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 position in Dollar General in the second quarter worth $33,000. Finally, Quest Partners LLC purchased a new stake in shares of Dollar General in the fourth quarter worth $37,000. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

DG has been the topic of a number of recent research reports. Raymond James cut their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Evercore ISI cut their target price on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research note on Friday, August 30th. Argus cut their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Finally, Truist Financial cut their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average price target of $113.95.

Insider Transactions at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $762,819.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $762,819.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Warren F. Bryant acquired 500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, 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. Corporate insiders own 0.49% of the company’s stock.

Dollar General Trading Down 0.6 %

Shares of NYSE:DG opened at $86.01 on Monday. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The stock’s 50-day simple moving average is $108.42 and its two-hundred day simple moving average is $129.69. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) 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 analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 earnings per share. Analysts expect that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

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.