Moors & Cabot Inc. Has $1.29 Million Stake in Dollar General Co. (NYSE:DG)

Moors & Cabot Inc. lifted its holdings in shares of Dollar General Co. (NYSE:DGGet Rating) by 44.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,803 shares of the company’s stock after purchasing an additional 1,788 shares during the quarter. Moors & Cabot Inc.’s holdings in Dollar General were worth $1,292,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DG. Prudential PLC lifted its stake in Dollar General by 12.0% in the first quarter. Prudential PLC now owns 37,286 shares of the company’s stock valued at $8,301,000 after buying an additional 3,997 shares in the last quarter. Magellan Asset Management Ltd bought a new stake in Dollar General in the 1st quarter valued at $87,000. Aviva PLC boosted its stake in Dollar General by 11.9% in the 1st quarter. Aviva PLC now owns 84,257 shares of the company’s stock worth $18,758,000 after purchasing an additional 8,942 shares during the period. Sei Investments Co. increased its holdings in Dollar General by 4.2% during the 1st quarter. Sei Investments Co. now owns 154,961 shares of the company’s stock worth $34,399,000 after purchasing an additional 6,285 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in shares of Dollar General by 0.6% in the 1st quarter. Vontobel Holding Ltd. now owns 15,430 shares of the company’s stock valued at $3,511,000 after purchasing an additional 98 shares during the period. Institutional investors own 91.61% of the company’s stock.

Dollar General Price Performance

Shares of NYSE DG opened at $247.41 on Friday. The company has a quick ratio of 0.10, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average price is $248.17 and its two-hundred day moving average price is $234.33. The company has a market cap of $55.81 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.42. Dollar General Co. has a twelve month low of $183.25 and a twelve month high of $262.20.

Dollar General (NYSE:DGGet Rating) last posted its earnings results on Thursday, August 25th. The company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.04. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. The business had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.40 billion. During the same period in the previous year, the firm earned $2.69 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Dollar General Co. will post 11.56 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 4th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 0.89%. Dollar General’s dividend payout ratio (DPR) is currently 21.91%.

Insider Buying and Selling at Dollar General

In other news, CFO John W. Garratt sold 9,570 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $238.11, for a total transaction of $2,278,712.70. Following the completion of the sale, the chief financial officer now owns 24,727 shares in the company, valued at $5,887,745.97. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO John W. Garratt sold 9,570 shares of Dollar General stock in a transaction on Monday, August 29th. The stock was sold at an average price of $238.11, for a total transaction of $2,278,712.70. Following the completion of the sale, the chief financial officer now owns 24,727 shares of the company’s stock, valued at $5,887,745.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anita C. Elliott sold 5,000 shares of the company’s stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $247.11, for a total transaction of $1,235,550.00. Following the completion of the transaction, the chief accounting officer now owns 16,279 shares in the company, valued at $4,022,703.69. The disclosure for this sale can be found here. Insiders have sold a total of 280,422 shares of company stock valued at $67,506,787 in the last three months. 0.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Dollar General from $266.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, August 29th. Oppenheimer raised their price target on shares of Dollar General from $240.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 19th. Piper Sandler boosted their price objective on shares of Dollar General from $265.00 to $273.00 and gave the stock an “overweight” rating in a research report on Friday, August 26th. BMO Capital Markets downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $265.00 target price for the company. in a research report on Monday, August 15th. Finally, Wells Fargo & Company boosted their price target on shares of Dollar General from $260.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Moderate Buy” and an average target price of $267.46.

Dollar General Company Profile

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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.

See Also

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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