Dollar General Co. (NYSE:DG) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Dollar General Co. (NYSE:DG - Free Report) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,243,012 shares of the company's stock after buying an additional 182,300 shares during the quarter. Geode Capital Management LLC owned about 2.38% of Dollar General worth $441,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DG. Swedbank AB lifted its stake in shares of Dollar General by 21.4% during the 2nd quarter. Swedbank AB now owns 101,424 shares of the company's stock worth $13,411,000 after acquiring an additional 17,849 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Dollar General by 38.4% during the second quarter. Blue Trust Inc. now owns 790 shares of the company's stock valued at $104,000 after purchasing an additional 219 shares during the period. TCW Group Inc. grew its holdings in shares of Dollar General by 15.4% in the second quarter. TCW Group Inc. now owns 12,437 shares of the company's stock worth $1,645,000 after purchasing an additional 1,661 shares during the last quarter. Boomfish Wealth Group LLC lifted its holdings in Dollar General by 30.0% during the 2nd quarter. Boomfish Wealth Group LLC now owns 6,693 shares of the company's stock valued at $885,000 after buying an additional 1,545 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Dollar General by 3.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 203,880 shares of the company's stock valued at $26,959,000 after buying an additional 6,144 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Melius Research began coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a "hold" rating and a $85.00 price target for the company. HSBC decreased their target price on Dollar General from $100.00 to $88.00 and set a "hold" rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. cut their price target on Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Truist Financial lowered their price objective on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a research note on Friday, December 6th. Finally, Evercore ISI cut their target price on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $98.27.

Insider Buying and Selling at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company's stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Performance

DG traded down $1.48 during trading on Friday, reaching $76.94. 3,770,999 shares of the company's stock were exchanged, compared to its average volume of 3,288,304. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The company's fifty day simple moving average is $79.15 and its 200-day simple moving average is $101.39. The stock has a market capitalization of $16.92 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. As a group, research analysts predict that Dollar General Co. will post 5.77 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.07%. The ex-dividend date is Tuesday, January 7th. Dollar General's dividend payout ratio is currently 38.88%.

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.