Atria Investments Inc Has $1.42 Million Position in Dollar General Co. (NYSE:DG)

Atria Investments Inc reduced its stake in Dollar General Co. (NYSE:DG) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,774 shares of the company’s stock after selling 5,203 shares during the period. Atria Investments Inc’s holdings in Dollar General were worth $1,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DG. Capital International Investors increased its holdings in shares of Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after acquiring an additional 2,031,593 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after acquiring an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after acquiring an additional 704,639 shares in the last quarter. Finally, Interval Partners LP acquired a new position in shares of Dollar General in the first quarter valued at about $87,081,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 41.05 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Trading Down 1.5 %

Shares of DG opened at $75.88 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $81.98 and its 200-day moving average price is $110.84. The stock has a market cap of $16.69 billion, a PE ratio of 11.77, a P/E/G ratio of 2.24 and a beta of 0.45. Dollar General Co. has a twelve month low of $73.51 and a twelve month high of $168.07.

Dollar General (NYSE:DG) last issued 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). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the previous year, the business earned $2.13 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is 36.65%.

Analysts Set New Price Targets

Several research firms recently commented on DG. Daiwa America downgraded shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Truist Financial decreased their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Bernstein Bank reduced their price objective on shares of Dollar General from $98.00 to $94.00 in a research report on Friday. The Goldman Sachs Group decreased their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, UBS Group reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.45.

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.