Atria Investments Inc Lowers Stock Position in Dollar General Co. (NYSE:DG)

Atria Investments Inc trimmed its holdings in shares of Dollar General Co. (NYSE:DGFree Report) by 23.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,774 shares of the company’s stock after selling 5,203 shares during the period. Atria Investments Inc’s holdings in Dollar General were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank & Trust Co acquired a new position in Dollar General in the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General in the 2nd quarter worth about $33,000. Crewe Advisors LLC bought a new position in Dollar General in the 1st quarter worth about $40,000. Studio Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 153 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in shares of Dollar General in the first quarter valued at approximately $45,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’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 directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This 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 insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Melius Research started coverage on shares of Dollar General in a report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective for the company. Jefferies Financial Group dropped their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Loop Capital decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, 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 report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $104.45.

Get Our Latest Stock Report on Dollar General

Dollar General Stock Performance

Shares of DG opened at $75.88 on Friday. 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 twelve month low of $73.51 and a twelve month high of $168.07. The firm’s 50 day moving average price is $81.98 and its two-hundred day moving average price is $110.84. The firm has a market cap of $16.69 billion, a P/E ratio of 11.77, a PEG ratio of 2.24 and a beta of 0.45.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the firm posted $2.13 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 36.65%.

About Dollar General

(Free Report)

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.

Read More

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DGFree Report).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.