Creative Planning Has $12.18 Million Holdings in Dollar General Co. (NYSE:DG)

Creative Planning boosted its position in Dollar General Co. (NYSE:DG) by 148.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 144,050 shares of the company’s stock after buying an additional 86,176 shares during the period. Creative Planning owned approximately 0.07% of Dollar General worth $12,182,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital International Investors lifted its stake in shares of Dollar General by 11.3% in the 1st 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 lifted its stake in 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 buying an additional 2,031,593 shares during the period. Pzena Investment Management LLC bought a new position in shares of Dollar General during the 1st quarter worth approximately $301,738,000. Point72 Asset Management L.P. grew its position in shares of Dollar General by 148.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after buying an additional 765,206 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after acquiring an additional 704,639 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction 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 in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This 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 at this link. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was 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.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research reports. Truist Financial reduced their price target 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 decreased their target price for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $168.00 to $103.00 in a report on Friday, August 30th. Barclays decreased their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and an average target price of $108.11.

Dollar General Trading Up 0.7 %

Shares of Dollar General stock opened at $81.14 on Tuesday. The firm has a market cap of $17.84 billion, a PE ratio of 11.81, a P/E/G ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 1 year low of $77.96 and a 1 year 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. The stock has a fifty day moving average price of $92.65 and a 200-day moving average price of $119.00.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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). The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS. Equities research analysts anticipate that Dollar General Co. will post 5.86 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 issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 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.