Dollar General Co. (NYSE:DG) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC lessened its holdings in Dollar General Co. (NYSE:DG) by 83.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,279 shares of the company’s stock after selling 21,716 shares during the quarter. HBW Advisory Services LLC’s holdings in Dollar General were worth $362,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DG. Price T Rowe Associates Inc. MD raised its stake in Dollar General by 162.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after acquiring an additional 11,257,537 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 period. Capital International Investors raised 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 worth $3,244,491,000 after purchasing an additional 2,113,485 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Dollar General during the first quarter worth about $301,738,000. Finally, Point72 Asset Management L.P. boosted its position in Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after buying an additional 765,206 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DG. JPMorgan Chase & Co. decreased their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Loop Capital decreased their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and cut their price target for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Finally, Truist Financial dropped their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.48.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares in the company, valued at $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Warren F. Bryant bought 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the purchase, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Price Performance

Shares of Dollar General stock opened at $84.35 on Friday. The stock has a market capitalization of $18.55 billion, a P/E ratio of 12.28, a PEG ratio of 2.52 and a beta of 0.44. The business has a 50 day simple moving average of $100.95 and a two-hundred day simple moving average of $124.86. Dollar General Co. has a 12 month low of $77.96 and a 12 month high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

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 firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the company posted $2.13 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.80%. Dollar General’s payout ratio 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.