Avantax Advisory Services Inc. grew its stake in Dollar General Corp. (NYSE:DG) by 276.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,895 shares of the company’s stock after purchasing an additional 6,530 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Dollar General were worth $1,863,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its holdings in shares of Dollar General by 12.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 48,542 shares of the company’s stock valued at $7,330,000 after acquiring an additional 5,373 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Dollar General by 6.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 17,114 shares of the company’s stock worth $2,584,000 after purchasing an additional 1,095 shares during the period. Advisors Asset Management Inc. raised its stake in Dollar General by 38.2% during the 1st quarter. Advisors Asset Management Inc. now owns 15,118 shares of the company’s stock worth $2,283,000 after acquiring an additional 4,177 shares during the period. Sunbelt Securities Inc. raised its stake in Dollar General by 164.3% during the 1st quarter. Sunbelt Securities Inc. now owns 2,654 shares of the company’s stock worth $400,000 after acquiring an additional 1,650 shares during the period. Finally, FinTrust Capital Advisors LLC raised its stake in Dollar General by 84.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 218 shares of the company’s stock worth $33,000 after acquiring an additional 100 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CAO Anita C. Elliott sold 8,470 shares of Dollar General stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $209.80, for a total transaction of $1,777,006.00. Following the sale, the chief accounting officer now directly owns 20,968 shares of the company’s stock, valued at $4,399,086.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Rhonda Taylor sold 29,274 shares of Dollar General stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $198.06, for a total value of $5,798,008.44. Following the sale, the executive vice president now directly owns 57,236 shares in the company, valued at $11,336,162.16. The disclosure for this sale can be found here. Insiders have sold 99,435 shares of company stock worth $19,984,494 over the last three months. Company insiders own 0.72% of the company’s stock.

Shares of DG stock opened at $221.71 on Friday. The business has a 50 day simple moving average of $206.83 and a 200 day simple moving average of $190.13. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.40 and a quick ratio of 0.59. The firm has a market capitalization of $55.21 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.46. Dollar General Corp. has a 12-month low of $125.00 and a 12-month high of $224.82.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 27th. The company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.68. The business had revenue of $8.68 billion during the quarter, compared to analyst estimates of $8.35 billion. Dollar General had a return on equity of 33.51% and a net margin of 7.48%. The company’s revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company posted $1.74 EPS. On average, equities analysts anticipate that Dollar General Corp. will post 10 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $1.44 annualized dividend and a dividend yield of 0.65%. Dollar General’s dividend payout ratio is 21.40%.

A number of equities research analysts have issued reports on DG shares. Telsey Advisory Group increased their price objective on shares of Dollar General from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Bank of America lifted their price objective on shares of Dollar General from $220.00 to $229.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Royal Bank of Canada lifted their target price on Dollar General from $216.00 to $236.00 in a research report on Friday, August 28th. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating and set a $212.00 target price for the company. in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Dollar General from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, September 18th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar General has a consensus rating of “Buy” and an average price target of $215.27.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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