Federated Hermes Inc. Acquires 18,131 Shares of Dollar General Co. (NYSE:DG)

Federated Hermes Inc. lifted its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 1,500.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,339 shares of the company's stock after purchasing an additional 18,131 shares during the quarter. Federated Hermes Inc.'s holdings in Dollar General were worth $2,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company's stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares during the period. Capital International Investors increased its position in Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company's stock valued at $3,244,491,000 after buying an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Dollar General by 11.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company's stock valued at $3,155,141,000 after buying an additional 2,031,593 shares during the last quarter. Capital World Investors boosted its holdings 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 acquiring an additional 133,591 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in shares of Dollar General in the first quarter worth $301,738,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. Gordon Haskett downgraded shares of Dollar General from a "buy" rating to a "hold" rating and set a $90.00 price objective on the stock. in a research report on Friday, August 30th. BMO Capital Markets cut their price target on shares of Dollar General from $130.00 to $90.00 and set a "market perform" rating on the stock in a report on Friday, August 30th. Argus lowered their price objective on Dollar General from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, July 15th. Piper Sandler reduced their target price on Dollar General from $147.00 to $141.00 and set a "neutral" rating for the company in a report on Friday, May 31st. Finally, Truist Financial lowered their price target on Dollar General from $135.00 to $130.00 and set a "hold" rating on the stock in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $113.95.

Dollar General Stock Performance

Dollar General stock traded down $0.49 during trading on Friday, reaching $86.01. The company had a trading volume of 7,964,805 shares, compared to its average volume of 3,013,518. The firm's 50-day simple moving average is $108.42 and its 200 day simple moving average is $130.05. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. 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 $18.91 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $10.21 billion for the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. Sell-side analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant bought 500 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was purchased 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 owns 41,030 shares of the company's stock, valued at approximately $3,298,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Warren F. Bryant bought 500 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was purchased 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 owns 41,030 shares in the company, valued at $3,298,812. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

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.