Inspire Investing LLC Has $264,000 Stock Position in Dollar General Co. (NYSE:DG)

Inspire Investing LLC lessened its position in Dollar General Co. (NYSE:DG) by 29.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,994 shares of the company’s stock after selling 848 shares during the period. Inspire Investing LLC’s holdings in Dollar General were worth $264,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC bought a new stake in Dollar General during the 4th quarter valued at $26,000. Fortis Group Advisors LLC boosted its stake in Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Bank & Trust Co bought a new stake in Dollar General during the 2nd quarter worth approximately $26,000. Salem Investment Counselors Inc. raised its stake in shares of Dollar General by 104.9% in the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General in the second quarter valued at approximately $33,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Loop Capital lowered their price target 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. Barclays dropped their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bank of America reduced their price objective on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Truist Financial dropped their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $112.57.

Dollar General Price Performance

Shares of NYSE DG opened at $85.01 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The stock has a market cap of $18.69 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. The stock has a fifty day moving average of $106.75 and a 200-day moving average of $128.67.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion for 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% compared to the same quarter last year. Equities research analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders 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 dividend yield of 2.78%. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Insider Transactions at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of Dollar General 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 sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction dated 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 acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction 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 disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.