Dollar General Co. (NYSE:DG) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Dollar General Co. (NYSE:DG) by 62.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 166,574 shares of the company’s stock after acquiring an additional 64,336 shares during the period. Victory Capital Management Inc.’s holdings in Dollar General were worth $14,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. lifted its stake in Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after buying an additional 26,813 shares during the last quarter. 1834 Investment Advisors Co. bought a new stake in Dollar General in the 3rd quarter valued at about $5,650,000. Lecap Asset Management Ltd. boosted its stake in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after purchasing an additional 26,165 shares during the period. Cetera Investment Advisers boosted its stake in Dollar General by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares during the period. Finally, Kiltearn Partners LLP bought a new position in Dollar General in the 2nd quarter worth about $9,587,000. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DG shares. UBS Group reduced their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Truist Financial reduced their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. BMO Capital Markets decreased their price target on Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday. The Goldman Sachs Group cut their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, HSBC decreased their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average price target of $104.00.

Dollar General Trading Down 0.8 %

NYSE:DG opened at $76.51 on Wednesday. The stock has a fifty day simple moving average of $81.69 and a 200 day simple moving average of $109.14. 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 firm has a market capitalization of $16.83 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. Dollar General Co. has a 1-year low of $73.51 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly 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 net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period in the previous year, the firm posted $2.13 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts forecast that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is presently 36.65%.

Insider Buying and Selling

In other news, 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 completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.