Dollar General Co. (NYSE:DG) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group lessened its holdings in shares of Dollar General Co. (NYSE:DG) by 59.4% in the third quarter, HoldingsChannel reports. The fund owned 777 shares of the company’s stock after selling 1,139 shares during the period. Brooklyn Investment Group’s holdings in Dollar General were worth $66,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Pullen Investment Management LLC grew its holdings in Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after acquiring an additional 87 shares during the period. Pathway Financial Advisers LLC boosted its holdings 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 buying an additional 88 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Dollar General by 3.8% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $375,000 after buying an additional 103 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Dollar General by 7.3% during 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 last quarter. Finally, Lummis Asset Management LP raised its holdings in shares of Dollar General by 1.2% during the second quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock valued at $1,245,000 after acquiring an additional 115 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DG has been the subject of a number of research analyst reports. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $168.00 to $103.00 in a report on Friday, August 30th. The Goldman Sachs Group lowered their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. HSBC lowered their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Truist Financial dropped their price objective on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Finally, Melius Research assumed coverage on shares of Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective for the company. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.00.

Insider Activity

In other news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Stock Up 2.2 %

Shares of NYSE DG opened at $76.26 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The firm’s 50-day simple moving average is $80.33 and its 200 day simple moving average is $106.44.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. On average, research analysts expect that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

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.