Financial Enhancement Group LLC Lowers Stock Position in Dollar General Co. (NYSE:DG)

Financial Enhancement Group LLC lowered its holdings in Dollar General Co. (NYSE:DG) by 7.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,619 shares of the company’s stock after selling 212 shares during the period. Financial Enhancement Group LLC’s holdings in Dollar General were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Industrial Alliance Investment Management Inc. grew its stake in Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the last quarter. Pullen Investment Management LLC grew its holdings in Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after buying an additional 87 shares during the period. Pathway Financial Advisers LLC raised its stake in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the period. SPC Financial Inc. boosted its holdings in Dollar General by 6.1% in the first quarter. SPC Financial Inc. now owns 1,738 shares of the company’s stock valued at $271,000 after acquiring an additional 100 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Dollar General by 3.8% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $375,000 after purchasing an additional 103 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG opened at $77.40 on Thursday. The stock has a market capitalization of $17.02 billion, a P/E ratio of 12.02, a P/E/G ratio of 2.39 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The firm’s 50 day moving average is $82.68 and its 200-day moving average is $113.38. Dollar General Co. has a 12-month low of $77.22 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last issued its 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 firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 EPS. Equities research analysts anticipate that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 36.65%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DG shares. 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 report on Friday, August 30th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Argus cut their price objective on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Finally, Melius Research began coverage on Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 price objective for the company. 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.com, Dollar General presently has an average rating of “Hold” and a consensus target price of $107.05.

Insiders Place Their Bets

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% 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.