Dollar General Co. (NYSE:DG) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its stake in Dollar General Co. (NYSE:DG) by 74.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,260 shares of the company’s stock after selling 125,195 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Dollar General were worth $5,720,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares in the last quarter. Capital International Investors boosted its stake in shares of Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Capital World Investors increased its stake in Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after buying an additional 133,591 shares during the period. Finally, Pzena Investment Management LLC purchased a new position in Dollar General in the 1st quarter valued at approximately $301,738,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DG shares. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Friday, August 30th. BMO Capital Markets decreased their price objective 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. Piper Sandler reduced their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Finally, Raymond James decreased their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $113.95.

Insiders Place Their Bets

In other news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were acquired 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 directly owns 42,030 shares in the company, valued at $3,397,284.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Dollar General news, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Price Performance

Shares of NYSE:DG opened at $86.01 on Monday. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07. The stock has a market capitalization of $18.91 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44. The company has a 50-day simple moving average of $108.42 and a 200-day simple moving average of $129.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS 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 prior year, the company earned $2.13 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

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

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.