PUREfi Wealth LLC Invests $365,000 in Dollar General Co. (NYSE:DG)

PUREfi Wealth LLC bought a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,810 shares of the company's stock, valued at approximately $365,000.

A number of other institutional investors also recently modified their holdings of DG. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the 3rd quarter worth about $33,000. Bogart Wealth LLC raised its holdings in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Dollar General in the 4th quarter valued at approximately $39,000. Kentucky Trust Co acquired a new stake in Dollar General in the fourth quarter valued at $48,000. Finally, Studio Investment Management LLC grew its holdings in Dollar General by 200.4% during the third quarter. Studio Investment Management LLC now owns 850 shares of the company's stock worth $72,000 after purchasing an additional 567 shares during the period. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. HSBC decreased their price target on shares of Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. BMO Capital Markets increased their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, December 5th. Barclays cut their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, January 9th. Finally, Evercore ISI lowered their price objective on Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $96.77.

Insider Buying and Selling

In other news, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company's stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Up 0.8 %

Dollar General stock traded up $0.56 during trading on Wednesday, hitting $75.59. 2,447,150 shares of the company were exchanged, compared to its average volume of 3,346,648. The company has a market capitalization of $16.63 billion, a P/E ratio of 12.45, a PEG ratio of 2.08 and a beta of 0.43. The business's 50 day moving average is $73.40 and its 200 day moving average is $83.38. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General's payout ratio is 38.88%.

Dollar General 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.