Dollar General Co. (NYSE:DG) Shares Sold by Financial Enhancement Group LLC

Financial Enhancement Group LLC lessened its holdings in shares of Dollar General Co. (NYSE:DGGet Rating) by 13.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,489 shares of the company’s stock after selling 374 shares during the quarter. Financial Enhancement Group LLC’s holdings in Dollar General were worth $554,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Dollar General during the 4th quarter worth approximately $547,860,000. Capital International Investors lifted its holdings in Dollar General by 13.6% during the 4th quarter. Capital International Investors now owns 7,176,545 shares of the company’s stock worth $1,692,445,000 after buying an additional 860,616 shares during the last quarter. AKO Capital LLP bought a new position in Dollar General during the 1st quarter worth approximately $191,558,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Dollar General in the 1st quarter worth approximately $93,415,000. Finally, Viking Global Investors LP bought a new stake in shares of Dollar General in the 1st quarter worth approximately $86,451,000. Institutional investors and hedge funds own 91.61% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the topic of several recent research reports. Loop Capital reissued a “buy” rating on shares of Dollar General in a report on Friday, May 20th. Morgan Stanley raised their price target on Dollar General from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, August 26th. BMO Capital Markets downgraded Dollar General from an “outperform” rating to a “market perform” rating and set a $265.00 price target on the stock. in a report on Monday, August 15th. Gordon Haskett raised Dollar General from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Finally, Oppenheimer raised their price target on Dollar General from $240.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $267.46.

Dollar General Stock Down 2.8 %

Shares of DG stock opened at $240.33 on Wednesday. Dollar General Co. has a 1 year low of $183.25 and a 1 year high of $262.20. The stock has a market cap of $54.21 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.42. The business’s fifty day moving average is $248.01 and its 200-day moving average is $235.72. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.10 and a current ratio of 1.02.

Dollar General (NYSE:DGGet Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.04. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. The company had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same period last year, the firm earned $2.69 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities analysts expect that Dollar General Co. will post 11.57 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 4th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Monday, October 3rd. Dollar General’s dividend payout ratio (DPR) is presently 21.91%.

Insider Activity

In related news, CAO Anita C. Elliott sold 5,000 shares of Dollar General stock in a transaction on Friday, June 24th. The stock was sold at an average price of $247.11, for a total value of $1,235,550.00. Following the transaction, the chief accounting officer now directly owns 16,279 shares in the company, valued at approximately $4,022,703.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 value of $2,278,712.70. Following the transaction, the chief financial officer now directly owns 24,727 shares in the company, valued at approximately $5,887,745.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anita C. Elliott sold 5,000 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $247.11, for a total value of $1,235,550.00. Following the completion of the sale, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at approximately $4,022,703.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 280,422 shares of company stock worth $67,506,787. 0.60% of the stock is owned by company insiders.

About Dollar General

(Get Rating)

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.

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

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