First Western Trust Bank decreased its stake in Dollar General Co. (NYSE:DG – Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,710 shares of the company’s stock after selling 1,136 shares during the period. First Western Trust Bank’s holdings in Dollar General were worth $4,365,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. grew its stake in Dollar General by 93.0% during the second quarter. Prescott Group Capital Management L.L.C. now owns 8,299 shares of the company’s stock worth $1,409,000 after purchasing an additional 4,000 shares during the period. Osaic Holdings Inc. grew its stake in Dollar General by 19.1% during the second quarter. Osaic Holdings Inc. now owns 117,418 shares of the company’s stock worth $18,088,000 after purchasing an additional 18,799 shares during the period. Bessemer Group Inc. grew its stake in Dollar General by 27.9% during the second quarter. Bessemer Group Inc. now owns 11,727 shares of the company’s stock worth $1,990,000 after purchasing an additional 2,559 shares during the period. Great West Life Assurance Co. Can grew its stake in Dollar General by 23.0% during the second quarter. Great West Life Assurance Co. Can now owns 228,335 shares of the company’s stock worth $38,977,000 after purchasing an additional 42,769 shares during the period. Finally, ProShare Advisors LLC grew its stake in Dollar General by 1.5% during the second quarter. ProShare Advisors LLC now owns 32,891 shares of the company’s stock worth $5,584,000 after purchasing an additional 482 shares during the period. Institutional investors and hedge funds own 90.37% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Truist Financial decreased their target price on Dollar General from $117.00 to $116.00 and set a “hold” rating for the company in a research note on Friday, October 13th. The Goldman Sachs Group cut their price target on Dollar General from $216.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, September 1st. JPMorgan Chase & Co. lowered Dollar General from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $132.00 to $116.00 in a report on Wednesday, September 20th. HSBC upgraded Dollar General from a “reduce” rating to a “hold” rating and set a $102.00 price target on the stock in a report on Friday, October 13th. Finally, Evercore ISI cut their price target on Dollar General from $150.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $144.04.
Insiders Place Their Bets
In related news, EVP Carman R. Wenkoff purchased 2,000 shares of Dollar General stock in a transaction dated Friday, September 29th. The stock was bought at an average cost of $106.25 per share, for a total transaction of $212,500.00. Following the completion of the transaction, the executive vice president now owns 30,966 shares in the company, valued at $3,290,137.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.
Dollar General Stock Performance
Dollar General stock traded up $0.54 during mid-day trading on Monday, reaching $121.65. 875,234 shares of the company’s stock were exchanged, compared to its average volume of 2,929,227. The business’s fifty day simple moving average is $114.11 and its 200 day simple moving average is $151.80. The firm has a market capitalization of $26.70 billion, a PE ratio of 12.41, a P/E/G ratio of 2.28 and a beta of 0.37. Dollar General Co. has a one year low of $101.09 and a one year high of $260.07. The company has a quick ratio of 0.15, a current ratio of 1.39 and a debt-to-equity ratio of 1.16.
Dollar General (NYSE:DG – Get Free Report) last released its earnings results on Thursday, August 31st. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.34). Dollar General had a return on equity of 36.34% and a net margin of 5.59%. The firm had revenue of $9.80 billion during the quarter, compared to analysts’ expectations of $9.93 billion. During the same period in the prior year, the business earned $2.98 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that Dollar General Co. will post 7.44 earnings per share for the current year.
Dollar General Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Friday, October 6th. Dollar General’s dividend payout ratio is currently 24.18%.
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.
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