GSA Capital Partners LLP Acquires New Shares in Dollar General Co. (NYSE:DG)

GSA Capital Partners LLP purchased a new stake in Dollar General Co. (NYSE:DG) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,511 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also recently modified their holdings of the company. Bank & Trust Co purchased a new position in shares of Dollar General in 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 approximately $33,000. Studio Investment Management LLC boosted its stake in Dollar General by 117.7% during 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 during the last quarter. Pathway Financial Advisers LLC purchased a new position in Dollar General in the 1st quarter worth about $45,000. Finally, TruNorth Capital Management LLC bought a new position 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

Shares of DG stock opened at $74.93 on Monday. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The business has a fifty day moving average of $81.16 and a 200 day moving average of $107.79. 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 firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.16 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its 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 return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the previous year, the company earned $2.13 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.15%. Dollar General’s dividend payout ratio is currently 36.65%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Loop Capital lowered their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. UBS Group cut their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Evercore ISI decreased their price target on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Sanford C. Bernstein began coverage on Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target on the stock. 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. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $104.00.

Insider Activity

In related news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

About Dollar General

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.