Dollar General Co. (NYSE:DG) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its stake in Dollar General Co. (NYSE:DG) by 51.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,158 shares of the company’s stock after selling 22,033 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Dollar General were worth $2,798,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its holdings in shares of Dollar General by 286.4% during the 4th quarter. Corient Private Wealth LLC now owns 56,171 shares of the company’s stock worth $7,637,000 after acquiring an additional 41,635 shares during the period. Quest Partners LLC acquired a new stake in Dollar General during the fourth quarter worth about $37,000. US Bancorp DE raised its stake in Dollar General by 22.6% during the fourth quarter. US Bancorp DE now owns 31,440 shares of the company’s stock worth $4,274,000 after purchasing an additional 5,793 shares during the period. TCW Group Inc. acquired a new position in Dollar General in the 4th quarter valued at about $1,853,000. Finally, Skopos Labs Inc. purchased a new stake in shares of Dollar General in the 4th quarter valued at approximately $206,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent analyst reports. Evercore ISI decreased their price objective on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a report on Friday, August 30th. Loop Capital decreased their price target on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $168.00 to $103.00 in a research report on Friday, August 30th. Barclays decreased their target price on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, Argus dropped their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $113.95.

Insider Activity at Dollar General

In other news, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction dated 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 purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Dollar General news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now 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 can be accessed through the SEC website. Also, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the purchase, the director now owns 42,030 shares in the company, valued at $3,397,284.90. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Down 0.6 %

Shares of NYSE:DG opened at $86.01 on Monday. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 12.52, a PEG 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 firm’s 50-day simple moving average is $108.42 and its 200-day simple moving average is $129.69. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last released its 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

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

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.