PFG Investments LLC Sells 1,127 Shares of Dollar General Co. (NYSE:DG)

PFG Investments LLC cut its position in shares of Dollar General Co. (NYSE:DG) by 32.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,365 shares of the company’s stock after selling 1,127 shares during the period. PFG Investments LLC’s holdings in Dollar General were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Dollar General by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,211,391 shares of the company’s stock valued at $164,684,000 after purchasing an additional 51,937 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Dollar General by 3.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,996 shares of the company’s stock valued at $2,039,000 after acquiring an additional 551 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Dollar General by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,557 shares of the company’s stock worth $1,299,000 after acquiring an additional 407 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Dollar General by 21.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,485 shares of the company’s stock worth $31,421,000 after purchasing an additional 42,066 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Dollar General by 38.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 81,248 shares of the company’s stock valued at $11,046,000 after purchasing an additional 22,656 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In other news, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The stock was acquired 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 directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dollar General news, Director Warren F. Bryant bought 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was acquired 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 directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the purchase, the director now owns 42,030 shares of the company’s stock, 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 corporate insiders.

Analysts Set New Price Targets

DG has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Barclays decreased their target price on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Friday, August 30th. Wells Fargo & Company reduced their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Finally, Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $113.95.

Dollar General Stock Performance

Shares of DG stock opened at $83.21 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The business has a 50-day simple moving average of $113.67 and a 200-day simple moving average of $132.50. The stock has a market cap of $18.30 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.45.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter last year, the firm earned $2.13 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.