Mount Yale Investment Advisors LLC Boosts Holdings in Dollar General Co. (NYSE:DG)

Mount Yale Investment Advisors LLC grew its position in shares of Dollar General Co. (NYSE:DG) by 40.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,449 shares of the company’s stock after buying an additional 15,806 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Dollar General were worth $4,605,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in Dollar General by 85.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after buying an additional 26,813 shares during the period. Cetera Investment Advisers increased its stake in Dollar General by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares in the last quarter. Kiltearn Partners LLP acquired a new position in Dollar General during the second quarter worth $9,587,000. Lecap Asset Management Ltd. boosted its position in Dollar General by 231.6% during the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Finally, MBB Public Markets I LLC increased its position in shares of Dollar General by 642.0% in the second quarter. MBB Public Markets I LLC now owns 15,923 shares of the company’s stock valued at $2,105,000 after buying an additional 13,777 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the topic of a number of research analyst reports. BMO Capital Markets decreased their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Truist Financial lowered their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Sanford C. Bernstein started coverage on shares of Dollar General in a research note on Tuesday. They set an “outperform” rating and a $98.00 price target on the stock. UBS Group lowered their price objective 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. Finally, Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $107.84.

Dollar General Price Performance

Shares of NYSE DG opened at $81.41 on Friday. The business has a 50 day moving average price of $91.23 and a two-hundred day moving average price of $118.19. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The firm has a market cap of $17.90 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (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 last year, the firm posted $2.13 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts expect that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.90%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Buying and Selling at Dollar General

In other news, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Dollar General news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Warren F. Bryant bought 1,000 shares of the firm’s stock in a transaction on 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 completion of the purchase, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This trade 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 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.