Avantax Advisory Services Inc. grew its holdings in Dollar General Co. (NYSE:DG – Get Rating) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,770 shares of the company’s stock after buying an additional 250 shares during the period. Avantax Advisory Services Inc.’s holdings in Dollar General were worth $664,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Dollar General by 3.5% during the 2nd quarter. Victory Capital Management Inc. now owns 122,230 shares of the company’s stock worth $30,000,000 after purchasing an additional 4,174 shares during the last quarter. Veriti Management LLC lifted its holdings in Dollar General by 4.1% during the 2nd quarter. Veriti Management LLC now owns 6,531 shares of the company’s stock worth $1,603,000 after purchasing an additional 258 shares during the last quarter. Walker Asset Management LLC acquired a new stake in Dollar General during the 2nd quarter worth approximately $11,433,000. Brookstone Capital Management lifted its holdings in Dollar General by 24.0% during the 3rd quarter. Brookstone Capital Management now owns 3,175 shares of the company’s stock worth $755,000 after purchasing an additional 615 shares during the last quarter. Finally, Country Club Bank GFN acquired a new stake in Dollar General during the 2nd quarter worth approximately $303,000. 90.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Dollar General from $265.00 to $293.00 in a report on Tuesday, November 29th. Evercore ISI lowered their price objective on Dollar General to $265.00 in a research note on Friday, December 2nd. StockNews.com lowered Dollar General from a “buy” rating to a “hold” rating in a research note on Friday. Truist Financial lowered their price objective on Dollar General from $262.00 to $237.00 and set a “hold” rating on the stock in a research note on Friday, December 2nd. Finally, Piper Sandler restated an “overweight” rating on shares of Dollar General in a research note on Thursday, December 22nd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.27.
Insider Buying and Selling
Dollar General Trading Up 2.7 %
Shares of DG opened at $230.61 on Monday. The firm has a market cap of $51.56 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.83 and a beta of 0.39. Dollar General Co. has a 52-week low of $183.25 and a 52-week high of $262.20. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.13 and a current ratio of 1.23. The business’s fifty day moving average is $245.64 and its 200-day moving average is $245.97.
Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings data on Thursday, December 1st. The company reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.55 by ($0.22). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.43 billion. Dollar General had a return on equity of 38.43% and a net margin of 6.49%. Equities analysts anticipate that Dollar General Co. will post 10.94 EPS for the current fiscal year.
Dollar General Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were given a dividend of $0.55 per share. The ex-dividend date was Friday, December 30th. This represents a $2.20 dividend on an annualized basis and a yield of 0.95%. Dollar General’s dividend payout ratio is currently 21.38%.
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.
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