Dollar General Co. (NYSE:DG) Shares Acquired by Allen Capital Group LLC

Allen Capital Group LLC raised its position in Dollar General Co. (NYSE:DG) by 99.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,264 shares of the company’s stock after buying an additional 11,601 shares during the quarter. Allen Capital Group LLC’s holdings in Dollar General were worth $1,967,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Dollar General by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after purchasing an additional 31,200 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after buying an additional 765,206 shares in the last quarter. Finally, Equity Investment Corp boosted its position in shares of Dollar General by 60.8% in the 3rd quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock worth $80,454,000 after buying an additional 359,757 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of NYSE DG opened at $73.94 on Friday. Dollar General Co. has a 1-year low of $72.12 and a 1-year high of $168.07. 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 business’s fifty day moving average price is $81.36 and its two-hundred day moving average price is $108.64. The firm has a market capitalization of $16.26 billion, a PE ratio of 11.48, a P/E/G ratio of 2.24 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $10.37 billion. During the same period in the prior year, the business earned $2.13 earnings per share. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 36.65%.

Insider Activity

In related news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the topic of several recent research reports. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective on the stock. Barclays decreased their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Finally, Truist Financial reduced their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.00.

Dollar General Profile

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.