Warren F. Bryant Acquires 1,000 Shares of Dollar General Co. (NYSE:DG) Stock

Dollar General Co. (NYSE:DG) Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dollar General Price Performance

DG stock opened at $84.75 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $112.80 and its two-hundred day moving average price is $132.13. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.36 and a beta of 0.44. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last released 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). The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 EPS. As a group, equities analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.78%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Analyst Ratings Changes

A number of research firms have recently commented on DG. Wells Fargo & Company reduced their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. JPMorgan Chase & Co. decreased their target price on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Raymond James dropped their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Finally, Truist Financial cut their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $113.95.

Institutional Investors Weigh In On Dollar General

A number of large investors have recently modified their holdings of the stock. Burkett Financial Services LLC bought a new position in Dollar General in the fourth quarter worth $26,000. Fortis Group Advisors LLC boosted its stake in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Bank & Trust Co purchased a new stake in Dollar General in the second quarter worth about $26,000. Salem Investment Counselors Inc. increased its stake in shares of Dollar General by 104.9% during the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar General during the second quarter valued at approximately $33,000. Institutional investors own 91.77% of the company’s stock.

About Dollar General

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.