Southern Capital Advisors LLC Takes Position in Dollar General Co. (NYSE:DG)

Southern Capital Advisors LLC purchased a new stake in Dollar General Co. (NYSE:DG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,375 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DG. Fidelis Capital Partners LLC increased its position in shares of Dollar General by 3.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after purchasing an additional 77 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its position in shares of Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after buying an additional 80 shares during the last quarter. Pullen Investment Management LLC raised its stake in Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after acquiring an additional 87 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of Dollar General by 10.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock worth $155,000 after purchasing an additional 98 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DG has been the topic of several recent analyst reports. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Friday, August 30th. Barclays cut their target price on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Bank of America lowered their price target on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. BMO Capital Markets lowered their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. lowered their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average price target of $107.84.

Dollar General Price Performance

NYSE:DG opened at $81.81 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The company has a 50-day moving average of $89.58 and a 200-day moving average of $116.89. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 earnings per share. As a group, equities research analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the company’s 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 owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Warren F. Bryant acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.