Dollar General Co. (NYSE:DG) Shares Bought by Nexus Investment Management ULC

Nexus Investment Management ULC grew its position in shares of Dollar General Co. (NYSE:DG) by 32.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 281,290 shares of the company’s stock after purchasing an additional 68,645 shares during the quarter. Dollar General makes up about 2.3% of Nexus Investment Management ULC’s holdings, making the stock its 22nd largest position. Nexus Investment Management ULC owned 0.13% of Dollar General worth $23,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital International Investors raised its holdings in Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after acquiring an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Dollar General by 11.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Dollar General during the first quarter worth about $301,738,000. Point72 Asset Management L.P. grew its position 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 worth $169,257,000 after purchasing an additional 765,206 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after purchasing an additional 704,639 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In related news, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now owns 42,030 shares in the company, valued at $3,397,284.90. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar General news, Director Warren F. Bryant purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, with a total value 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 represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on DG shares. Loop Capital reduced their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Raymond James dropped their price objective on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Argus decreased their price objective on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. lowered their target price on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $108.11.

Dollar General Stock Performance

NYSE:DG opened at $80.57 on Wednesday. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07. The firm has a 50 day simple moving average of $95.56 and a 200-day simple moving average of $121.15. The firm has a market cap of $17.72 billion, a PE ratio of 11.73, a P/E/G ratio of 2.42 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

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

Dollar General Dividend Announcement

The business also recently declared 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. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Dollar General 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.