2,511 Shares in Dollar General Co. (NYSE:DG) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in shares of Dollar General Co. (NYSE:DG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,511 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. Point72 Asset Management L.P. raised its holdings in 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. The Manufacturers Life Insurance Company increased its position in Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after buying an additional 704,639 shares during the period. Markel Group Inc. grew its position in Dollar General by 6.5% in the 3rd quarter. Markel Group Inc. now owns 742,250 shares of the company’s stock worth $62,772,000 after purchasing an additional 45,000 shares during the last quarter. Equity Investment Corp increased its stake in Dollar General by 0.4% during the second quarter. Equity Investment Corp now owns 591,572 shares of the company’s stock valued at $78,224,000 after acquiring an additional 2,606 shares during the period. Finally, Interval Partners LP bought a new stake in shares of Dollar General during the first quarter valued at approximately $87,081,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Trading Up 1.4 %

DG opened at $74.93 on Monday. The company has a 50-day simple moving average of $81.16 and a 200 day simple moving average of $107.79. Dollar General Co. has a twelve month low of $72.12 and a twelve month 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. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 2.16 and a beta of 0.45.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio is 36.65%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Loop Capital cut their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. BMO Capital Markets decreased their target price on Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday, November 18th. Truist Financial lowered their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Finally, Jefferies Financial Group decreased their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.00.

Insider Buying and Selling at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 41.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The shares were bought 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. This trade represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.