Dollar General Co. (NYSE:DG) is Pekin Hardy Strauss Inc.'s 8th Largest Position

Pekin Hardy Strauss Inc. increased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,885 shares of the company's stock after purchasing an additional 8,514 shares during the quarter. Dollar General accounts for 1.5% of Pekin Hardy Strauss Inc.'s portfolio, making the stock its 8th biggest holding. Pekin Hardy Strauss Inc.'s holdings in Dollar General were worth $10,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. Vanguard Group Inc. increased its position in Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company's stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares during the last quarter. Capital International Investors increased its position in Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company's stock worth $3,244,491,000 after buying an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company's stock worth $3,155,141,000 after buying an additional 2,031,593 shares in the last quarter. Capital World Investors increased its position in Dollar General by 1.0% in the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company's stock worth $1,776,629,000 after buying an additional 133,591 shares in the last quarter. Finally, Norges Bank purchased a new stake in Dollar General in the fourth quarter worth about $337,150,000. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of NYSE DG traded up $0.26 during trading on Tuesday, reaching $86.01. The company had a trading volume of 3,578,210 shares, compared to its average volume of 2,975,378. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The stock has a market cap of $18.91 billion, a PE ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The business's 50 day moving average price is $111.91 and its 200-day moving average price is $131.54.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. Analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. Dollar General's payout ratio is 34.35%.

Wall Street Analyst Weigh In

DG has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price objective on Dollar General from $169.00 to $122.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Argus reduced their price objective on Dollar General from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, July 15th. Telsey Advisory Group cut Dollar General from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $168.00 to $103.00 in a research report on Friday, August 30th. Gordon Haskett cut Dollar General from a "buy" rating to a "hold" rating and set a $90.00 price objective for the company. in a research report on Friday, August 30th. Finally, Raymond James lowered their price target 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. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus price target of $113.95.

Insiders Place Their Bets

In related news, Director Warren F. Bryant bought 500 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company's stock, valued at $3,298,812. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Roderick J. West sold 2,510 shares of Dollar General 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 completion of the sale, the executive vice president now owns 9,163 shares of the company's stock, valued at approximately $762,819.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now owns 41,030 shares in the company, valued at $3,298,812. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company's stock.

Dollar General Company 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.