iA Global Asset Management Inc. Sells 17,433 Shares of Dollar General Co. (NYSE:DG)

iA Global Asset Management Inc. lowered its stake in Dollar General Co. (NYSE:DG) by 17.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,895 shares of the company’s stock after selling 17,433 shares during the period. iA Global Asset Management Inc.’s holdings in Dollar General were worth $10,961,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new position in shares of Dollar General during the fourth quarter valued at about $26,000. Bank & Trust Co purchased a new position in shares of Dollar General in the second quarter worth about $26,000. Fortis Group Advisors LLC grew its position in shares of Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General in the 2nd quarter valued at $33,000. Finally, Montag A & Associates Inc. bought a new position in shares of Dollar General in the fourth quarter worth approximately $37,000. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

DG opened at $82.97 on Friday. The company has a market capitalization of $18.24 billion, a P/E ratio of 12.08, a PEG ratio of 2.36 and a beta of 0.43. The company has a 50-day moving average of $123.09 and a 200-day moving average of $136.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General Co. has a 1-year low of $82.68 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last issued 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 analyst estimates of $10.37 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Equities analysts expect that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DG. Piper Sandler decreased their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $168.00 to $103.00 in a report on Friday. UBS Group cut their target price on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday. Finally, Truist Financial dropped their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $118.48.

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.