Good Life Advisors LLC Invests $248,000 in Dollar General Co. (NYSE:DG)

Good Life Advisors LLC bought a new position in shares of Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,270 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors have also recently made changes to their positions in the company. Eagle Rock Investment Company LLC grew its stake in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares during the last quarter. 1834 Investment Advisors Co. acquired a new stake in shares of Dollar General during the third quarter worth about $5,650,000. Leibman Financial Services Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth about $2,018,000. Victory Capital Management Inc. lifted its holdings in shares of Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares during the period. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of a number of analyst reports. Truist Financial decreased their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Jefferies Financial Group dropped their price target on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Telsey Advisory Group dropped their price target on Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. JPMorgan Chase & Co. dropped their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, BMO Capital Markets upped their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $96.77.

Dollar General Price Performance

DG stock opened at $76.68 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market capitalization of $16.86 billion, a P/E ratio of 12.63, a P/E/G ratio of 2.17 and a beta of 0.43. The business’s 50-day moving average is $73.26 and its two-hundred day moving average is $82.95. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last released 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 business had revenue of $10.18 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $1.26 EPS. Analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.08%. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Insider Buying and Selling at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The transaction 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 Dollar General stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % 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.

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.