Kiltearn Partners LLP Makes New Investment in Dollar General Co. (NYSE:DG)

Kiltearn Partners LLP acquired a new stake in Dollar General Co. (NYSE:DG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 72,500 shares of the company’s stock, valued at approximately $9,587,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in Dollar General by 6.3% during the second quarter. Bank of Montreal Can now owns 306,840 shares of the company’s stock worth $39,585,000 after buying an additional 18,141 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Dollar General by 74.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,401 shares of the company’s stock worth $1,111,000 after acquiring an additional 3,580 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Dollar General by 89,211.1% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,038 shares of the company’s stock worth $1,063,000 after purchasing an additional 8,029 shares during the period. ProShare Advisors LLC grew its holdings in Dollar General by 8.8% during the 2nd quarter. ProShare Advisors LLC now owns 29,949 shares of the company’s stock valued at $3,960,000 after purchasing an additional 2,415 shares during the last quarter. Finally, Beddow Capital Management Inc. raised its position in Dollar General by 175.2% in the 2nd quarter. Beddow Capital Management Inc. now owns 33,523 shares of the company’s stock worth $4,433,000 after purchasing an additional 21,343 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

DG has been the subject of several recent analyst reports. Loop Capital dropped their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $170.00 to $100.00 in a report on Friday, August 30th. Bank of America reduced their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Finally, Melius Research began coverage on shares of Dollar General in a report on Monday. They set a “hold” rating and a $85.00 price objective for the company. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $112.57.

Dollar General Price Performance

Shares of DG stock opened at $86.02 on Tuesday. The company has a market cap of $18.92 billion, a P/E ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44. 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’s 50-day moving average is $107.60 and its 200 day moving average is $129.18. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last issued 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). 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 during the quarter, compared to analysts’ expectations of $10.37 billion. During the same period in the previous year, the firm earned $2.13 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts predict that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.74%. Dollar General’s payout ratio is 34.35%.

About Dollar General

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.