Atlas Brown Inc. Has $921,000 Stake in Dollar General Co. (NYSE:DG)

Atlas Brown Inc. decreased its stake in Dollar General Co. (NYSE:DGGet Rating) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,752 shares of the company’s stock after selling 114 shares during the quarter. Atlas Brown Inc.’s holdings in Dollar General were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Dollar General by 1.6% in the fourth quarter. BlackRock Inc. now owns 18,399,415 shares of the company’s stock valued at $4,339,132,000 after buying an additional 283,983 shares during the period. Vanguard Group Inc. raised its position in shares of Dollar General by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,135,446 shares of the company’s stock worth $4,037,495,000 after purchasing an additional 125,589 shares during the period. Capital World Investors raised its position in shares of Dollar General by 8.8% during the first quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock worth $3,757,569,000 after purchasing an additional 1,369,299 shares during the period. State Street Corp raised its position in shares of Dollar General by 1.8% during the fourth quarter. State Street Corp now owns 9,983,184 shares of the company’s stock worth $2,354,334,000 after purchasing an additional 176,588 shares during the period. Finally, Capital International Investors raised its position in shares of Dollar General by 20.1% during the first quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock worth $1,919,292,000 after purchasing an additional 1,442,731 shares during the period. Institutional investors and hedge funds own 91.61% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.52 during midday trading on Friday, hitting $240.72. 59,827 shares of the company’s stock were exchanged, compared to its average volume of 1,782,620. The company has a quick ratio of 0.10, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. Dollar General Co. has a 12 month low of $183.25 and a 12 month high of $262.20. The company’s 50 day moving average price is $246.82 and its 200 day moving average price is $237.36. The firm has a market capitalization of $54.30 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.90 and a beta of 0.42.

Dollar General (NYSE:DGGet Rating) last issued its earnings results on Thursday, August 25th. The company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.93 by $0.05. The company had revenue of $9.43 billion during the quarter, compared to the consensus estimate of $9.40 billion. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.69 EPS. As a group, analysts predict that Dollar General Co. will post 11.57 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 4th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $2.20 annualized dividend and a yield of 0.91%. Dollar General’s dividend payout ratio (DPR) is presently 21.91%.

Insider Activity at Dollar General

In related news, CEO Todd J. Vasos sold 108,145 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $239.18, for a total value of $25,866,121.10. Following the completion of the sale, the chief executive officer now directly owns 85,369 shares in the company, valued at approximately $20,418,557.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar General news, CEO Todd J. Vasos sold 108,145 shares of Dollar General stock in a transaction on Monday, August 29th. The stock was sold at an average price of $239.18, for a total value of $25,866,121.10. Following the completion of the transaction, the chief executive officer now directly owns 85,369 shares of the company’s stock, valued at approximately $20,418,557.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rhonda Taylor sold 44,363 shares of Dollar General stock in a transaction on Friday, August 26th. The shares were sold at an average price of $243.04, for a total value of $10,781,983.52. Following the completion of the transaction, the executive vice president now directly owns 37,755 shares of the company’s stock, valued at $9,175,975.20. The disclosure for this sale can be found here. Insiders sold 275,422 shares of company stock worth $66,271,237 in the last ninety days. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on DG. The Goldman Sachs Group raised their price target on Dollar General from $258.00 to $296.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Telsey Advisory Group lifted their target price on Dollar General from $260.00 to $280.00 and gave the company an “outperform” rating in a research report on Monday, August 22nd. Piper Sandler lifted their target price on Dollar General from $265.00 to $273.00 and gave the company an “overweight” rating in a research report on Friday, August 26th. Wells Fargo & Company lifted their target price on Dollar General from $260.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Finally, Truist Financial lifted their target price on Dollar General from $227.00 to $262.00 and gave the company a “hold” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $269.85.

Dollar General Profile

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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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