Pekin Hardy Strauss Inc. Purchases 8,514 Shares of Dollar General Co. (NYSE:DG)

Pekin Hardy Strauss Inc. boosted its stake in shares of Dollar General Co. (NYSE:DG) by 11.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 82,885 shares of the company’s stock after purchasing an additional 8,514 shares during the quarter. Dollar General comprises 1.5% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 8th biggest holding. Pekin Hardy Strauss Inc.’s holdings in Dollar General were worth $10,960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Burkett Financial Services LLC purchased a new stake in shares of Dollar General in the fourth quarter valued at about $26,000. Bank & Trust Co purchased a new stake in shares of Dollar General in the second quarter valued at about $26,000. Fortis Group Advisors LLC lifted its holdings in shares of Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar General in the second quarter valued at about $33,000. Finally, Quest Partners LLC purchased a new position in shares of Dollar General during the fourth quarter valued at approximately $37,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

DG opened at $85.75 on Tuesday. The company has a fifty day simple moving average of $111.91 and a 200 day simple moving average of $131.54. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 2.36 and a beta of 0.44. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.75%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the purchase, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DG has been the topic of several recent analyst reports. Piper Sandler reduced their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Truist Financial cut their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Wells Fargo & Company cut their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Finally, Argus cut their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $113.95.

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.