Dollar General Co. (NYSE:DG) Shares Bought by Cornerstone Advisors LLC

Cornerstone Advisors LLC lifted its position in shares of Dollar General Co. (NYSE:DG) by 27.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,700 shares of the company’s stock after acquiring an additional 2,300 shares during the quarter. Cornerstone Advisors LLC’s holdings in Dollar General were worth $905,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DG. Pzena Investment Management LLC increased its holdings in Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after acquiring an additional 8,388,735 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after buying an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after buying an additional 704,639 shares during the last quarter. Finally, Interval Partners LP purchased a new position in Dollar General during the first quarter worth $87,081,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Trading Up 0.9 %

Shares of Dollar General stock opened at $73.94 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The stock has a market capitalization of $16.26 billion, a P/E ratio of 11.48, a P/E/G ratio of 2.24 and a beta of 0.45. Dollar General Co. has a 52-week low of $72.12 and a 52-week high of $168.07. The stock’s 50-day simple moving average is $81.36 and its 200 day simple moving average is $108.64.

Dollar General (NYSE:DG) last released its quarterly earnings results 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 firm had revenue of $10.21 billion for 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 revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts anticipate that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 3.19%. Dollar General’s payout ratio is currently 36.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DG shares. Truist Financial lowered their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. HSBC cut their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. Jefferies Financial Group decreased their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Bernstein Bank dropped their target price on Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. Finally, The Goldman Sachs Group decreased their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.00.

Insider Activity

In other Dollar General news, 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 sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.