XTX Topco Ltd Purchases 13,988 Shares of Dollar General Co. (NYSE:DG)

XTX Topco Ltd grew its position in Dollar General Co. (NYSE:DG) by 164.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,479 shares of the company’s stock after purchasing an additional 13,988 shares during the period. XTX Topco Ltd’s holdings in Dollar General were worth $2,972,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after acquiring an additional 11,257,537 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Dollar General by 15.5% in the 4th 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 in the last quarter. Capital International Investors increased its position in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after purchasing an additional 2,273,119 shares during the last quarter. Pzena Investment Management LLC bought a new stake in Dollar General during the first quarter worth $301,738,000. Finally, Interval Partners LP acquired a new stake in Dollar General in the 1st quarter valued at about $87,081,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DG. Loop Capital reduced their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Barclays dropped their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Bank of America dropped their target price 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. UBS Group reduced their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.95.

Dollar General Trading Up 1.0 %

NYSE:DG opened at $86.86 on Thursday. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The company’s 50 day moving average price is $110.25 and its 200-day moving average price is $130.79. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.37 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 2.72%. Dollar General’s dividend payout ratio is presently 34.35%.

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related 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 transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the transaction, the director now 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 owned by company insiders.

Dollar General Company 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.