Dollar General Co. (NYSE:DG) Shares Acquired by FourThought Financial LLC

FourThought Financial LLC boosted its stake in shares of Dollar General Co. (NYSE:DG – Get Rating) by 18.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,437 shares of the company’s stock after purchasing an additional 227 shares during the quarter. FourThought Financial LLC’s holdings in Dollar General were worth $345,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. boosted its position in Dollar General by 76.0% during the 3rd quarter. MV Capital Management Inc. now owns 132 shares of the company’s stock valued at $32,000 after purchasing an additional 57 shares during the period. Atlas Capital Advisors LLC bought a new stake in Dollar General during the 2nd quarter valued at $32,000. Wagner Wealth Management LLC bought a new stake in Dollar General during the 2nd quarter valued at $38,000. Massmutual Trust Co. FSB ADV raised its stake in Dollar General by 55.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 188 shares of the company’s stock valued at $45,000 after acquiring an additional 67 shares in the last quarter. Finally, Coston McIsaac & Partners bought a new stake in Dollar General during the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 90.73% of the company’s stock.

Dollar General Stock Down 3.0 %

Shares of Dollar General stock opened at $212.09 on Friday. Dollar General Co. has a 12-month low of $183.25 and a 12-month high of $262.20. The company has a quick ratio of 0.13, a current ratio of 1.23 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $47.42 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.74 and a beta of 0.34. The stock’s fifty day moving average is $227.20 and its 200-day moving average is $239.37.

Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings results on Thursday, March 16th. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.01. Dollar General had a return on equity of 38.43% and a net margin of 6.49%. The business had revenue of $10.20 billion for the quarter, compared to the consensus estimate of $10.24 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. Dollar General’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts anticipate that Dollar General Co. will post 10.66 earnings per share for the current year.

Insider Activity

In other news, Director Warren F. Bryant sold 1,951 shares of Dollar General stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total transaction of $475,907.43. Following the transaction, the director now owns 38,269 shares in the company, valued at $9,334,957.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Raymond James cut their target price on Dollar General from $280.00 to $255.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 24th. Credit Suisse Group started coverage on Dollar General in a research note on Monday, December 19th. They issued a “neutral” rating and a $260.00 price objective on the stock. Truist Financial dropped their price objective on Dollar General from $237.00 to $211.00 in a research note on Friday, February 24th. Barclays started coverage on Dollar General in a research note on Tuesday, February 7th. They issued an “equal weight” rating and a $237.00 price objective on the stock. Finally, JPMorgan Chase & Co. reissued a “focus list” rating and issued a $242.00 price objective (down previously from $289.00) on shares of Dollar General in a research note on Thursday, January 19th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.25.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.