Beddow Capital Management Inc. Acquires 21,343 Shares of Dollar General Co. (NYSE:DG)

Beddow Capital Management Inc. raised its position in Dollar General Co. (NYSE:DG) by 175.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,523 shares of the company’s stock after purchasing an additional 21,343 shares during the quarter. Dollar General accounts for about 1.9% of Beddow Capital Management Inc.’s holdings, making the stock its 22nd biggest holding. Beddow Capital Management Inc.’s holdings in Dollar General were worth $4,433,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DG. Kingsview Wealth Management LLC bought a new position in Dollar General in the fourth quarter valued at about $212,000. Corient Private Wealth LLC increased its stake in shares of Dollar General by 286.4% in the fourth quarter. Corient Private Wealth LLC now owns 56,171 shares of the company’s stock valued at $7,637,000 after buying an additional 41,635 shares during the period. Quest Partners LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $37,000. CreativeOne Wealth LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $333,000. Finally, Assetmark Inc. increased its stake in shares of Dollar General by 8.5% in the fourth quarter. Assetmark Inc. now owns 39,584 shares of the company’s stock valued at $5,381,000 after buying an additional 3,099 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

Shares of NYSE DG opened at $86.01 on Friday. The stock has a market cap of $18.91 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The stock has a fifty day moving average of $108.42 and a 200-day moving average of $130.05.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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). The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. Equities research analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

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 given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Insider Buying and Selling

In related news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price 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 $3,298,812. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DG has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Truist Financial decreased their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Piper Sandler decreased their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Finally, Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.