NBC Securities Inc. Purchases 241 Shares of Dollar General Co. (NYSE:DG)

NBC Securities Inc. increased its holdings in Dollar General Co. (NYSE:DG) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,058 shares of the company’s stock after acquiring an additional 241 shares during the quarter. NBC Securities Inc.’s holdings in Dollar General were worth $174,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Bank & Trust Co purchased a new position in shares of Dollar General in the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General in the second quarter worth about $33,000. Studio Investment Management LLC lifted its position in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Dollar General in the 2nd quarter valued at about $37,000. Finally, Salem Investment Counselors Inc. grew its position in shares of Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after buying an additional 128 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred 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 owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Trading Down 1.6 %

Shares of NYSE:DG opened at $80.60 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07. The business has a 50 day moving average of $93.38 and a two-hundred day moving average of $119.83. The company has a market capitalization of $17.72 billion, a PE ratio of 11.73, a PEG ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last announced 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same period last year, the company posted $2.13 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Announces Dividend

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 issued a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.93%. Dollar General’s payout ratio is 34.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays lowered their target price on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Argus dropped their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Evercore ISI lowered their price target on Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a report on Friday, August 30th. Finally, The Goldman Sachs Group cut their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.11.

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.