Dollar General Co. (NYSE:DG) Stock Holdings Lifted by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its holdings in Dollar General Co. (NYSE:DG) by 11.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,885 shares of the company’s stock after purchasing an additional 8,514 shares during the quarter. Dollar General comprises approximately 1.5% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 8th largest holding. Pekin Hardy Strauss Inc.’s holdings in Dollar General were worth $10,960,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of DG. Beacon Pointe Advisors LLC increased its holdings in shares of Dollar General by 6.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,587 shares of the company’s stock worth $1,031,000 after buying an additional 443 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Dollar General by 40.1% during the 4th quarter. Panagora Asset Management Inc. now owns 15,609 shares of the company’s stock worth $2,122,000 after buying an additional 4,467 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $212,000. Norges Bank acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $337,150,000. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Dollar General by 79.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,379 shares of the company’s stock worth $731,000 after buying an additional 2,386 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction on Thursday, September 12th. The shares were 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 directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DG. Argus cut their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, July 15th. Gordon Haskett downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Friday, August 30th. Daiwa America downgraded shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Bank of America dropped their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $168.00 to $103.00 in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $113.95.

Dollar General Stock Performance

Shares of DG stock opened at $85.75 on Tuesday. The stock has a market capitalization of $18.86 billion, a PE ratio of 12.48, a P/E/G ratio of 2.36 and a beta of 0.44. The firm has a 50 day moving average of $111.91 and a two-hundred day moving average of $131.54. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. 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 (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 firm 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 revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $2.13 earnings per share. On average, research analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders 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 2.75%. Dollar General’s dividend payout ratio (DPR) is currently 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.