Dollar General Co. (NYSE:DG) Shares Bought by KBC Group NV

KBC Group NV grew its holdings in Dollar General Co. (NYSE:DG) by 2.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,376 shares of the company’s stock after buying an additional 660 shares during the quarter. KBC Group NV’s holdings in Dollar General were worth $2,907,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DG. Bank & Trust Co purchased a new position in Dollar General during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General during the second quarter valued at $33,000. Crewe Advisors LLC purchased a new stake in Dollar General during the 1st quarter worth about $40,000. Studio Investment Management LLC lifted its holdings in Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares in the last quarter. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Dollar General during the 1st quarter worth about $45,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Melius Research initiated coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. Bank of America dropped their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Raymond James decreased their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Finally, HSBC cut their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $104.45.

Dollar General Trading Down 1.5 %

NYSE DG opened at $75.88 on Monday. The company has a market capitalization of $16.69 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45. Dollar General Co. has a 12 month low of $73.51 and a 12 month high of $168.07. The company’s fifty day moving average price is $81.85 and its two-hundred day moving average price is $109.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

Dollar General (NYSE:DG) 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 return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 36.65%.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares in the company, valued at $3,298,812. This trade represents a 1.23 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company 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.