HBK Sorce Advisory LLC Reduces Holdings in Dollar General Co. (NYSE:DG)

HBK Sorce Advisory LLC reduced its stake in Dollar General Co. (NYSE:DG) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,720 shares of the company’s stock after selling 372 shares during the period. HBK Sorce Advisory LLC’s holdings in Dollar General were worth $1,682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in Dollar General by 1,500.9% in the 2nd quarter. Federated Hermes Inc. now owns 19,339 shares of the company’s stock worth $2,557,000 after buying an additional 18,131 shares during the period. GHP Investment Advisors Inc. increased its position in Dollar General by 8.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 20,649 shares of the company’s stock valued at $2,730,000 after purchasing an additional 1,584 shares during the period. Meeder Advisory Services Inc. raised its holdings in Dollar General by 39.7% in the 2nd quarter. Meeder Advisory Services Inc. now owns 2,544 shares of the company’s stock worth $336,000 after purchasing an additional 723 shares in the last quarter. Equity Investment Corp raised its holdings in Dollar General by 0.4% in the 2nd quarter. Equity Investment Corp now owns 591,572 shares of the company’s stock worth $78,224,000 after purchasing an additional 2,606 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its holdings in Dollar General by 76.5% in the 2nd quarter. Achmea Investment Management B.V. now owns 14,973 shares of the company’s stock worth $1,980,000 after purchasing an additional 6,488 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $84.75 on Friday. The business has a 50-day simple moving average of $112.80 and a two-hundred day simple moving average of $132.13. 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 firm has a market cap of $18.64 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the firm earned $2.13 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The business 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 $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.78%. Dollar General’s dividend payout ratio is presently 34.35%.

Insider Transactions at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Friday, August 30th. BMO Capital Markets decreased their price objective on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Wells Fargo & Company decreased their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Raymond James decreased their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Finally, UBS Group decreased their price target on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $113.95.

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.