Riverbridge Partners LLC Sells 157 Shares of Dollar General Co. (NYSE:DG)

Riverbridge Partners LLC reduced its position in shares of Dollar General Co. (NYSE:DGGet Rating) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,735 shares of the company’s stock after selling 157 shares during the period. Riverbridge Partners LLC’s holdings in Dollar General were worth $4,598,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Dollar General in the fourth quarter worth about $547,860,000. Capital International Investors raised its stake in shares of Dollar General by 20.1% in the first quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock worth $1,919,292,000 after acquiring an additional 1,442,731 shares during the last quarter. Capital World Investors raised its stake in shares of Dollar General by 8.8% in the first quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock worth $3,757,569,000 after acquiring an additional 1,369,299 shares during the last quarter. AKO Capital LLP acquired a new stake in shares of Dollar General during the 1st quarter worth approximately $191,558,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Dollar General during the 1st quarter worth approximately $93,415,000. 91.61% of the stock is owned by institutional investors.

Dollar General Stock Up 1.2 %

Dollar General stock opened at $243.79 on Monday. The stock has a market capitalization of $54.99 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.42. Dollar General Co. has a twelve month low of $183.25 and a twelve month high of $262.20. The company has a quick ratio of 0.10, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $247.31 and a 200-day moving average of $236.78.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings results on Thursday, August 25th. The company reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.04. The company had revenue of $9.43 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Dollar General had a net margin of 6.55% and a return on equity of 37.64%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 earnings per share. On average, equities research analysts anticipate that Dollar General Co. will post 11.57 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Tuesday, October 4th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, October 3rd. Dollar General’s dividend payout ratio (DPR) is presently 21.91%.

Insider Activity

In other news, CFO John W. Garratt sold 9,570 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $238.11, for a total value of $2,278,712.70. Following the sale, the chief financial officer now owns 24,727 shares of the company’s stock, valued at $5,887,745.97. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO John W. Garratt sold 9,570 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $238.11, for a total value of $2,278,712.70. Following the sale, the chief financial officer now owns 24,727 shares of the company’s stock, valued at $5,887,745.97. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John W. Garratt sold 4,807 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $244.90, for a total transaction of $1,177,234.30. Following the completion of the sale, the chief financial officer now directly owns 27,420 shares in the company, valued at approximately $6,715,158. The disclosure for this sale can be found here. Insiders sold 280,422 shares of company stock worth $67,506,787 over the last quarter. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DG. Truist Financial lifted their price target on shares of Dollar General from $227.00 to $262.00 and gave the stock a “hold” rating in a research report on Friday, August 5th. Citigroup cut shares of Dollar General from a “buy” rating to a “neutral” rating and set a $258.00 price target for the company. in a research report on Thursday, July 14th. Telsey Advisory Group lifted their price target on shares of Dollar General from $260.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. Raymond James lifted their price target on shares of Dollar General from $260.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 26th. Finally, Wells Fargo & Company lifted their price target on shares of Dollar General from $260.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $269.85.

Dollar General Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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