Transatlantique Private Wealth LLC Increases Position in Dollar General Co. (NYSE:DG)

Transatlantique Private Wealth LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 110.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,802 shares of the company’s stock after purchasing an additional 3,569 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Dollar General were worth $899,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Burkett Financial Services LLC purchased a new position in Dollar General in the fourth quarter worth $26,000. Bank & Trust Co purchased a new position in Dollar General during the 2nd quarter worth $26,000. Fortis Group Advisors LLC increased its position in Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar General in the second quarter valued at about $33,000. Finally, Quest Partners LLC acquired a new stake in Dollar General in the fourth quarter worth about $37,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of several recent analyst reports. Daiwa America downgraded shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Evercore ISI lowered their price objective on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research note on Friday, August 30th. BMO Capital Markets reduced their target price on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Barclays dropped their price target 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. Finally, The Goldman Sachs Group reduced their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $113.95.

Dollar General Trading Down 0.6 %

Shares of Dollar General stock opened at $86.01 on Friday. 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 company has a market cap of $18.91 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. The firm has a 50-day simple moving average of $108.42 and a two-hundred day simple moving average of $130.05.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 EPS. As a group, equities analysts predict that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 34.35%.

Insider Buying and Selling at Dollar General

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

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.