American Century Companies Inc. Has $5.93 Million Stake in Dollar General Co. (NYSE:DG)

American Century Companies Inc. boosted its holdings in shares of Dollar General Co. (NYSE:DG) by 27.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,805 shares of the company’s stock after buying an additional 9,757 shares during the quarter. American Century Companies Inc.’s holdings in Dollar General were worth $5,925,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after buying an additional 47,534 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares during the last quarter. Nexus Investment Management ULC grew its position in shares of Dollar General by 10.5% in the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after purchasing an additional 18,280 shares during the last quarter. FIL Ltd grew its position in shares of Dollar General by 31.4% in the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock valued at $182,194,000 after purchasing an additional 320,157 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Dollar General in the first quarter valued at about $15,896,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction 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 completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Warren F. Bryant purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DG. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Piper Sandler decreased their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Melius Research started coverage on Dollar General in a research report on Monday. They set a “hold” rating and a $85.00 target price on the stock. Finally, Loop Capital decreased their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $112.57.

Dollar General Stock Performance

DG stock opened at $85.01 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company has a 50 day moving average price of $106.75 and a 200 day moving average price of $128.67. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The stock has a market capitalization of $18.69 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last posted 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 return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter last year, the firm earned $2.13 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 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.