Rise Advisors LLC Has $36,000 Holdings in Dollar General Co. (NYSE:DG)

Rise Advisors LLC decreased its holdings in Dollar General Co. (NYSE:DG) by 37.0% during the third quarter, Holdings Channel.com reports. The firm owned 424 shares of the company’s stock after selling 249 shares during the period. Rise Advisors LLC’s holdings in Dollar General were worth $36,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bank & Trust Co acquired a new stake in shares of Dollar General during the 2nd quarter valued at $26,000. Fortis Group Advisors LLC raised its stake in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General in the second quarter worth approximately $33,000. Studio Investment Management LLC raised its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Dollar General in the second quarter valued at approximately $37,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Shares of Dollar General stock opened at $82.49 on Monday. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07. The firm’s 50-day moving average price is $97.27 and its two-hundred day moving average price is $122.22. 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 stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its earnings results 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 business had revenue of $10.21 billion during 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 business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. On average, equities analysts predict that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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 issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Warren F. Bryant bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the transaction, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Gordon Haskett downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Friday, August 30th. The Goldman Sachs Group cut their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, August 30th. UBS Group dropped their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, Loop Capital decreased their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $108.11.

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.