Bleakley Financial Group LLC Has $637,000 Stake in Dollar General Co. (NYSE:DG)

Bleakley Financial Group LLC lowered its stake in shares of Dollar General Co. (NYSE:DG) by 15.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,530 shares of the company’s stock after selling 1,382 shares during the quarter. Bleakley Financial Group LLC’s holdings in Dollar General were worth $637,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after purchasing an additional 26,813 shares during the last quarter. Cetera Investment Advisers boosted its position in Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after purchasing an additional 47,534 shares during the last quarter. Kiltearn Partners LLP purchased a new stake in shares of Dollar General during the 2nd quarter valued at $9,587,000. MBB Public Markets I LLC raised its stake in shares of Dollar General by 642.0% during the 2nd quarter. MBB Public Markets I LLC now owns 15,923 shares of the company’s stock worth $2,105,000 after purchasing an additional 13,777 shares during the period. Finally, Nexus Investment Management ULC boosted its holdings in shares of Dollar General by 32.3% in the 3rd quarter. Nexus Investment Management ULC now owns 281,290 shares of the company’s stock worth $23,789,000 after buying an additional 68,645 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 approximately $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Up 0.7 %

DG opened at $81.14 on Tuesday. The stock has a market cap of $17.84 billion, a PE ratio of 11.81, a PEG ratio of 2.42 and a beta of 0.44. The business has a 50 day moving average of $92.65 and a 200-day moving average of $119.00. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. 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 announced 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). The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 EPS. Equities research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is 34.35%.

Analyst Ratings Changes

DG has been the subject of a number of research analyst reports. Gordon Haskett downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Friday, August 30th. Truist Financial cut their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $170.00 to $100.00 in a report on Friday, August 30th. BMO Capital Markets reduced their price target on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.