6,234 Shares in Dollar General Co. (NYSE:DG) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC purchased a new stake in Dollar General Co. (NYSE:DG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,234 shares of the company’s stock, valued at approximately $823,000.

Several other institutional investors have also recently made changes to their positions in DG. Massmutual Trust Co. FSB ADV grew its position in Dollar General by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after buying an additional 76 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Dollar General by 3.3% in the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after purchasing an additional 77 shares during the last quarter. Industrial Alliance Investment Management Inc. lifted its position in Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after purchasing an additional 80 shares during the last quarter. Pullen Investment Management LLC grew its stake in Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after buying an additional 87 shares in the last quarter. Finally, Rise Advisors LLC increased its holdings in shares of Dollar General by 14.8% in the 1st quarter. Rise Advisors LLC now owns 700 shares of the company’s stock worth $109,000 after buying an additional 90 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 1.2 %

NYSE DG opened at $85.75 on Tuesday. The stock has a market cap of $18.86 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.36 and a beta of 0.44. 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 Co. has a 12-month low of $77.96 and a 12-month high of $168.07. The company has a fifty day simple moving average of $111.91 and a two-hundred day simple moving average of $131.54.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.70 EPS 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 firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the company earned $2.13 EPS. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

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

Insider Activity at Dollar General

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. The Goldman Sachs Group reduced their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Loop Capital dropped their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Bank of America reduced their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. Finally, Barclays lowered their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target 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.