Dollar General Co. (NYSE:DG) Shares Purchased by Peoples Bank KS

Peoples Bank KS boosted its stake in shares of Dollar General Co. (NYSE:DG) by 19.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,435 shares of the company’s stock after acquiring an additional 230 shares during the period. Peoples Bank KS’s holdings in Dollar General were worth $109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pathway Financial Advisers LLC lifted its stake in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after acquiring an additional 88 shares during the period. Wedbush Securities Inc. lifted its position in Dollar General by 7.3% in the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after purchasing an additional 113 shares during the period. Lummis Asset Management LP boosted its holdings in Dollar General by 1.2% in the 2nd quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock valued at $1,245,000 after purchasing an additional 115 shares in the last quarter. Metis Global Partners LLC increased its position in Dollar General by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after purchasing an additional 135 shares during the period. Finally, Studio Investment Management LLC raised its stake in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

Dollar General stock opened at $74.24 on Wednesday. The stock has a market cap of $16.33 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $77.03 and a 200-day moving average of $94.69. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share. On average, analysts expect that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, January 7th. Dollar General’s payout ratio is currently 38.88%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Evercore ISI decreased their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Truist Financial lowered their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. JPMorgan Chase & Co. reduced their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Melius Research initiated coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.27.

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.