CreativeOne Wealth LLC Increases Stake in Dollar General Co. (NYSE:DG)

CreativeOne Wealth LLC raised its position in Dollar General Co. (NYSE:DG) by 15.1% in the 3rd quarter, Holdings Channel reports. The fund owned 6,015 shares of the company’s stock after acquiring an additional 789 shares during the period. CreativeOne Wealth LLC’s holdings in Dollar General were worth $509,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in DG. Cetera Investment Advisers boosted its stake in shares of Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after buying an additional 47,534 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Dollar General by 41.2% during the 1st quarter. Cetera Advisors LLC now owns 16,185 shares of the company’s stock worth $2,526,000 after purchasing an additional 4,724 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Dollar General by 18.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,512 shares of the company’s stock worth $464,000 after purchasing an additional 542 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Dollar General by 81.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,249 shares of the company’s stock valued at $165,000 after purchasing an additional 560 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in shares of Dollar General by 4.4% in the second quarter. DNB Asset Management AS now owns 36,021 shares of the company’s stock valued at $4,763,000 after purchasing an additional 1,513 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling

In other news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was bought 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. The trade was a 1.23 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

NYSE DG opened at $77.27 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $16.99 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45. The business’s 50-day moving average price is $80.16 and its 200 day moving average price is $105.53. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the previous year, the company earned $2.13 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, research analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bernstein Bank lowered their target price on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. HSBC dropped their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Truist Financial decreased their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. Finally, Raymond James decreased their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.00.

Dollar General 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.