DekaBank Deutsche Girozentrale Lowers Stock Position in Dollar General Co. (NYSE:DG)

DekaBank Deutsche Girozentrale trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 15.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,185 shares of the company’s stock after selling 21,649 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.06% of Dollar General worth $15,890,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DG. Avantax Advisory Services Inc. raised its holdings in shares of Dollar General by 4.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 9,557 shares of the company’s stock worth $1,299,000 after buying an additional 407 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Dollar General by 38.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 81,248 shares of the company’s stock valued at $11,046,000 after acquiring an additional 22,656 shares during the period. Beacon Pointe Advisors LLC raised its stake in Dollar General by 6.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,587 shares of the company’s stock worth $1,031,000 after acquiring an additional 443 shares during the last quarter. Panagora Asset Management Inc. lifted its position in Dollar General by 40.1% during the 4th quarter. Panagora Asset Management Inc. now owns 15,609 shares of the company’s stock worth $2,122,000 after acquiring an additional 4,467 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new stake in Dollar General during the 4th quarter valued at about $212,000. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Raymond James decreased their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $170.00 to $100.00 in a report on Friday, August 30th. Barclays reduced their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets lowered their target price on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $113.95.

Dollar General Price Performance

Dollar General stock opened at $84.75 on Monday. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07. The stock has a market capitalization of $18.64 billion, a P/E ratio of 12.34, a P/E/G ratio of 2.36 and a beta of 0.44. The firm’s 50-day moving average is $112.80 and its two-hundred day moving average is $131.96. 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 (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 earnings per share. Equities analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

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

Insider Activity at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred 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 sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

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.