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

Victory Capital Management Inc. increased its position in Dollar General Co. (NYSE:DG - Free Report) by 62.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,574 shares of the company's stock after buying an additional 64,336 shares during the quarter. Victory Capital Management Inc. owned 0.08% of Dollar General worth $14,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. boosted its position in shares of Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company's stock valued at $373,000 after buying an additional 80 shares during the last quarter. Pullen Investment Management LLC grew its stake in shares of Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company's stock valued at $278,000 after buying an additional 87 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock worth $50,000 after purchasing an additional 88 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Dollar General by 3.8% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company's stock worth $375,000 after purchasing an additional 103 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of Dollar General by 7.3% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company's stock valued at $220,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DG. Sanford C. Bernstein initiated coverage on shares of Dollar General in a report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 target price for the company. 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 report on Monday. UBS Group dropped their price objective on Dollar General from $155.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Melius Research initiated coverage on shares of Dollar General in a research report on Monday, September 23rd. They issued a "hold" rating and a $85.00 price objective for the company. Finally, Raymond James decreased their target price on shares of Dollar General from $150.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $104.00.

Dollar General Stock Down 4.2 %

Shares of DG traded down $3.25 during mid-day trading on Wednesday, hitting $73.25. The company's stock had a trading volume of 7,415,844 shares, compared to its average volume of 3,214,581. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 2.22 and a beta of 0.45. The company's 50-day moving average is $81.69 and its 200-day moving average is $109.14. Dollar General Co. has a 52-week low of $72.12 and a 52-week high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $2.13 earnings per share. On average, equities research analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders 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 dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General's dividend payout ratio is presently 36.65%.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company's stock, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Warren F. Bryant acquired 500 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. This represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.

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.