Caprock Group LLC Has $263,000 Position in Dollar General Co. (NYSE:DG)

Caprock Group LLC lowered its position in Dollar General Co. (NYSE:DG) by 18.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,989 shares of the company’s stock after selling 454 shares during the quarter. Caprock Group LLC’s holdings in Dollar General were worth $263,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares during the last quarter. Capital International Investors lifted its stake in Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after acquiring an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. Capital World Investors raised its position in shares of Dollar General by 1.0% in the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after purchasing an additional 133,591 shares during the period. Finally, Norges Bank bought a new position in shares of Dollar General in the fourth quarter valued at about $337,150,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 1.9 %

DG opened at $84.75 on Friday. The company’s 50 day moving average is $112.80 and its 200-day moving average is $132.13. Dollar General Co. has a 1-year low of $77.96 and a 1-year 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. The company has a market cap of $18.64 billion, a P/E ratio of 12.34, a PEG ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last posted 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). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the business posted $2.13 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts predict that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.78%. Dollar General’s payout ratio is currently 34.35%.

Insider Activity

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

Analyst Ratings Changes

Several brokerages have recently weighed in on DG. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Argus dropped their price objective on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Raymond James dropped their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Finally, Truist Financial dropped their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $113.95.

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.