2,550 Shares in Dollar General Co. (NYSE:DG) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in Dollar General Co. (NYSE:DG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,550 shares of the company’s stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Bank & Trust Co acquired a new position in Dollar General during the second quarter valued at approximately $26,000. Fortis Group Advisors LLC increased its stake in shares of Dollar General by 100.0% in 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. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General during the 2nd quarter worth $33,000. Studio Investment Management LLC boosted its stake in Dollar General by 117.7% in 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 in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Dollar General in the second quarter valued at about $37,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DG. Melius Research initiated coverage on shares of Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target on the stock. Raymond James lowered their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Loop Capital cut their price objective on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $170.00 to $100.00 in a report on Friday, August 30th. Finally, Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and cut their price target for the company from $168.00 to $103.00 in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $109.48.

Dollar General Stock Performance

DG stock opened at $87.32 on Friday. The firm has a market cap of $19.20 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $104.55 and a 200-day moving average price of $127.33. 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 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). The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, equities research analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Insider Buying and Selling at Dollar General

In related news, Director Warren F. Bryant acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was acquired 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. Insiders own 0.49% of the company’s stock.

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.