Nwam LLC Purchases New Shares in Dollar General Co. (NYSE:DG)

Nwam LLC acquired a new stake in shares of Dollar General Co. (NYSE:DG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,217 shares of the company’s stock, valued at approximately $272,000.

Other hedge funds also recently bought and sold shares of the company. BOKF NA lifted its position in shares of Dollar General by 214.9% in the 1st quarter. BOKF NA now owns 6,121 shares of the company’s stock valued at $963,000 after acquiring an additional 4,177 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Dollar General in the first quarter valued at $1,397,000. B. Riley Wealth Advisors Inc. boosted its position in shares of Dollar General by 18.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,580 shares of the company’s stock worth $1,339,000 after buying an additional 1,317 shares during the period. California State Teachers Retirement System grew its holdings in shares of Dollar General by 0.3% during the first quarter. California State Teachers Retirement System now owns 352,206 shares of the company’s stock valued at $54,965,000 after buying an additional 1,223 shares in the last quarter. Finally, Tidal Investments LLC raised its position in Dollar General by 6.1% during the first quarter. Tidal Investments LLC now owns 10,878 shares of the company’s stock valued at $1,690,000 after buying an additional 624 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the transaction, 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. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DG shares. Bernstein Bank decreased their price objective on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective on the stock. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, HSBC cut their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.00.

Dollar General Stock Performance

Shares of DG opened at $76.57 on Tuesday. The company has a market capitalization of $16.84 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 2.19 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a one year low of $72.12 and a one year high of $168.07. The company’s fifty day moving average price is $80.98 and its 200 day moving average price is $107.33.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.08%. Dollar General’s payout ratio is 36.65%.

About Dollar General

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.