Dollar General Co. (NYSE:DG) Shares Purchased by Veracity Capital LLC

Veracity Capital LLC grew its position in shares of Dollar General Co. (NYSE:DG) by 43.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,937 shares of the company’s stock after purchasing an additional 2,116 shares during the period. Veracity Capital LLC’s holdings in Dollar General were worth $587,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Bank & Trust Co acquired a new stake in shares of Dollar General during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General during the second quarter worth $33,000. Studio Investment Management LLC increased 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 worth $37,000 after purchasing an additional 153 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Dollar General during the second quarter worth approximately $37,000. Finally, Salem Investment Counselors Inc. boosted its holdings in shares of Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Dollar General stock opened at $80.60 on Friday. 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 50 day moving average of $93.38 and a 200-day moving average of $119.83. The stock has a market cap of $17.72 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07.

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

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.93%. Dollar General’s payout ratio is 34.35%.

Insider Activity at Dollar General

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DG shares. Raymond James cut their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $103.00 in a research note on Friday, August 30th. The Goldman Sachs Group decreased their target price on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their price target for the company from $91.00 to $73.00 in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $108.11.

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.