Stifel Financial Corp reduced its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 24.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,805 shares of the company's stock after selling 25,355 shares during the quarter. Stifel Financial Corp's holdings in Dollar General were worth $6,751,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its stake in Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company's stock worth $7,683,000 after purchasing an additional 26,813 shares during the period. 1834 Investment Advisors Co. acquired a new stake in shares of Dollar General during the third quarter worth about $5,650,000. Lecap Asset Management Ltd. grew its holdings in shares of Dollar General by 231.6% during the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock worth $3,168,000 after buying an additional 26,165 shares during the last quarter. Victory Capital Management Inc. increased its position in Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock valued at $14,087,000 after acquiring an additional 64,336 shares during the period. Finally, Kiltearn Partners LLP purchased a new stake in Dollar General during the 2nd quarter valued at approximately $9,587,000. Institutional investors and hedge funds own 91.77% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on DG shares. Evercore ISI dropped their target price on Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Raymond James lowered their target price on shares of Dollar General from $150.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, August 30th. Barclays cut their price target on shares of Dollar General from $154.00 to $102.00 and set an "overweight" rating for the company in a report on Tuesday, September 3rd. Morgan Stanley lowered Dollar General from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $170.00 to $100.00 in a report on Friday, August 30th. Finally, Jefferies Financial Group cut their target price on Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $98.27.
Read Our Latest Research Report on Dollar General
Dollar General Price Performance
Dollar General stock traded down $1.48 during midday trading on Friday, reaching $76.94. 3,770,999 shares of the company were exchanged, compared to its average volume of 3,288,304. The firm's 50-day simple moving average is $79.15 and its 200-day simple moving average is $101.68. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The company has a market capitalization of $16.92 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 2.37 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.
Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion during 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 business's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. On average, analysts anticipate that Dollar General Co. will post 5.77 EPS for the current year.
Dollar General Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General's dividend payout ratio is currently 38.88%.
Insider Buying and Selling
In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by company insiders.
About Dollar General
(
Free Report)
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.
Further Reading
Before you consider Dollar General, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dollar General wasn't on the list.
While Dollar General currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.