Transcend Capital Advisors LLC Sells 94 Shares of Dollar General Co. (NYSE:DG)

Transcend Capital Advisors LLC reduced its holdings in shares of Dollar General Co. (NYSE:DGGet Rating) by 4.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,833 shares of the company’s stock after selling 94 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Dollar General were worth $450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Norges Bank acquired a new position in Dollar General in the 4th quarter valued at $547,860,000. Capital International Investors raised its holdings in Dollar General by 20.1% in the 1st quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock valued at $1,919,292,000 after acquiring an additional 1,442,731 shares in the last quarter. Capital World Investors raised its holdings in Dollar General by 8.8% in the 1st quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock valued at $3,757,569,000 after acquiring an additional 1,369,299 shares in the last quarter. AKO Capital LLP acquired a new position in Dollar General in the 1st quarter valued at $191,558,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Dollar General in the 1st quarter valued at $93,415,000. 91.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DG has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Dollar General from $258.00 to $296.00 and gave the company a “buy” rating in a research note on Friday, August 26th. Morgan Stanley lifted their price target on Dollar General from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, August 26th. Piper Sandler lifted their price target on Dollar General from $265.00 to $273.00 and gave the company an “overweight” rating in a research note on Friday, August 26th. JPMorgan Chase & Co. lifted their price target on Dollar General from $287.00 to $294.00 in a research note on Friday, September 16th. Finally, Wells Fargo & Company lifted their price target on Dollar General from $260.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $269.85.

Dollar General Stock Down 2.2 %

Shares of NYSE:DG opened at $240.28 on Thursday. The company has a market capitalization of $54.20 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 1.94 and a beta of 0.42. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.02 and a quick ratio of 0.10. The business’s 50-day moving average is $246.98 and its 200-day moving average is $237.11. Dollar General Co. has a 1 year low of $183.25 and a 1 year high of $262.20.

Dollar General (NYSE:DGGet Rating) last posted its quarterly earnings results on Thursday, August 25th. The company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.05. 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 the consensus estimate of $9.40 billion. During the same period in the prior year, the business earned $2.69 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts predict that Dollar General Co. will post 11.57 earnings per share for the current year.

Dollar General Announces Dividend

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

Insider Transactions at Dollar General

In other news, CFO John W. Garratt sold 4,807 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $244.90, for a total value of $1,177,234.30. Following the completion of the sale, the chief financial officer now directly owns 27,420 shares of the company’s stock, valued at $6,715,158. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO John W. Garratt sold 4,807 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $244.90, for a total value of $1,177,234.30. Following the completion of the sale, the chief financial officer now directly owns 27,420 shares of the company’s stock, valued at $6,715,158. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anita C. Elliott sold 5,000 shares of the stock in a transaction that occurred 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 $4,022,703.69. The disclosure for this sale can be found here. Insiders sold a total of 280,422 shares of company stock valued at $67,506,787 over the last ninety days. 0.60% of the stock is currently owned by 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.

Further Reading

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

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