Nexus Investment Management ULC Acquires 1,225 Shares of Dollar General Co. (NYSE:DG)

Nexus Investment Management ULC raised its position in Dollar General Co. (NYSE:DGFree Report) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,385 shares of the company’s stock after acquiring an additional 1,225 shares during the quarter. Dollar General makes up 3.0% of Nexus Investment Management ULC’s investment portfolio, making the stock its 16th largest position. Nexus Investment Management ULC owned 0.07% of Dollar General worth $27,230,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DG. Main Street Financial Solutions LLC increased its position in shares of Dollar General by 2.4% during the first quarter. Main Street Financial Solutions LLC now owns 2,022 shares of the company’s stock valued at $426,000 after acquiring an additional 48 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in shares of Dollar General by 3.0% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,822 shares of the company’s stock valued at $383,000 after buying an additional 53 shares during the last quarter. Value Partners Investments Inc. raised its position in Dollar General by 1.6% in the 1st quarter. Value Partners Investments Inc. now owns 3,702 shares of the company’s stock worth $778,000 after buying an additional 57 shares during the last quarter. Equitable Trust Co. lifted its stake in Dollar General by 0.6% during the 4th quarter. Equitable Trust Co. now owns 9,713 shares of the company’s stock valued at $2,392,000 after acquiring an additional 60 shares during the period. Finally, Smith Moore & CO. grew its stake in shares of Dollar General by 5.1% in the fourth quarter. Smith Moore & CO. now owns 1,287 shares of the company’s stock worth $317,000 after acquiring an additional 62 shares during the period. Institutional investors own 90.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Edward Jones raised Dollar General from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. The Goldman Sachs Group dropped their price target on shares of Dollar General from $216.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, September 1st. Piper Jaffray Companies lowered Dollar General from an “overweight” rating to a “neutral” rating in a research note on Friday, June 2nd. Argus reduced their price target on Dollar General from $250.00 to $235.00 in a research report on Monday, June 5th. Finally, Truist Financial reduced their target price on shares of Dollar General from $166.00 to $142.00 and set a “hold” rating for the company in a report on Friday, September 1st. Seventeen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $159.41.

Check Out Our Latest Stock Analysis on DG

Dollar General Trading Down 1.1 %

Shares of NYSE:DG traded down $1.30 during mid-day trading on Friday, reaching $116.49. 975,270 shares of the company were exchanged, compared to its average volume of 2,665,455. The firm’s 50-day simple moving average is $156.11 and its 200 day simple moving average is $185.03. Dollar General Co. has a 1 year low of $115.93 and a 1 year high of $261.59. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.15. The firm has a market cap of $25.57 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 2.12 and a beta of 0.30.

Dollar General (NYSE:DGGet Free Report) last posted its quarterly earnings results on Thursday, August 31st. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.34). The business had revenue of $9.80 billion during the quarter, compared to analyst estimates of $9.93 billion. Dollar General had a net margin of 5.59% and a return on equity of 36.34%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.98 earnings per share. Equities research analysts forecast that Dollar General Co. will post 7.82 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.59 per share. The ex-dividend date is Friday, October 6th. This represents a $2.36 dividend on an annualized basis and a yield of 2.03%. Dollar General’s dividend payout ratio (DPR) is 24.18%.

Dollar General Profile

(Free Report)

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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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