Farther Finance Advisors LLC Sells 2,175 Shares of Dollar General Co. (NYSE:DG)

Farther Finance Advisors LLC decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 45.7% during the 3rd quarter, Holdings Channel reports. The firm owned 2,586 shares of the company’s stock after selling 2,175 shares during the quarter. Farther Finance Advisors LLC’s holdings in Dollar General were worth $219,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank & Trust Co purchased a new position in Dollar General during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General in the second quarter worth $33,000. Studio Investment Management LLC boosted its position 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 acquiring an additional 153 shares during the period. Strategic Financial Concepts LLC bought a new stake in Dollar General during the second quarter valued at $37,000. Finally, TruNorth Capital Management LLC bought a new stake in Dollar General during the second quarter valued at approximately $39,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

DG stock opened at $76.95 on Friday. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 2.26 and a beta of 0.45. Dollar General Co. has a twelve month low of $76.76 and a twelve month high of $168.07. The business’s fifty day simple moving average is $82.44 and its two-hundred day simple moving average is $112.68. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the company posted $2.13 EPS. Dollar General’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.07%. Dollar General’s dividend payout ratio is presently 36.65%.

Insider Activity

In related news, Director Warren F. Bryant acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased 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. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Warren F. Bryant acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction on 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 purchase, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DG. BMO Capital Markets cut their target price on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company cut 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. Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. UBS Group reduced their price target on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Melius Research began coverage on Dollar General in a research report on Monday, September 23rd. They issued a “hold” rating and a $85.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $107.05.

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.