25,318 Shares in Dollar General Co. (NYSE:DG) Bought by Centric Wealth Management

Centric Wealth Management bought a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,318 shares of the company's stock, valued at approximately $1,960,000.

Several other institutional investors have also added to or reduced their stakes in DG. Oppenheimer Asset Management Inc. raised its stake in Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company's stock worth $7,683,000 after acquiring an additional 26,813 shares during the period. 1834 Investment Advisors Co. purchased a new stake in shares of Dollar General in the third quarter worth $5,650,000. Lecap Asset Management Ltd. lifted its stake in shares of 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 buying an additional 26,165 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of 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 buying an additional 47,534 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Dollar General by 62.9% in the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock worth $14,087,000 after acquiring an additional 64,336 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Trading Up 1.3 %

DG traded up $1.01 during trading hours on Friday, reaching $77.27. 2,439,394 shares of the company's stock traded hands, compared to its average volume of 3,221,504. 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 50-day moving average price of $80.33 and a 200 day moving average price of $106.44. Dollar General Co. has a 52-week low of $72.12 and a 52-week high of $168.07. The firm has a market capitalization of $16.99 billion, a PE ratio of 11.84, a PEG ratio of 2.23 and a beta of 0.45.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) 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 company had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.37 billion. During the same period last year, the firm earned $2.13 earnings per share. Dollar General's quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Analyst Ratings Changes

DG has been the topic of several recent analyst reports. The Goldman Sachs Group reduced 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 report on Friday, August 30th. Truist Financial decreased their price target on shares of Dollar General from $135.00 to $130.00 and set a "hold" rating on the stock in a research note on Monday, August 26th. Raymond James cut their price objective on Dollar General from $150.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Barclays decreased their target price on Dollar General from $154.00 to $102.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 3rd. Finally, Telsey Advisory Group cut 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 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus price target of $104.00.

Insider Activity at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the 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 transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This represents a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. This represents a 2.44 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

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.