Dollar General Co. (NYSE:DG) Stock Position Lifted by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC grew its position in shares of Dollar General Co. (NYSE:DGGet Rating) by 55.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,000 shares of the company’s stock after buying an additional 4,996 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Dollar General were worth $3,436,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dollar General by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 18,135,446 shares of the company’s stock worth $4,037,495,000 after buying an additional 125,589 shares during the last quarter. Capital World Investors raised its position in shares of Dollar General by 8.8% during the 1st quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock worth $3,757,569,000 after purchasing an additional 1,369,299 shares during the period. Capital International Investors raised its position in shares of Dollar General by 20.1% during the 1st quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock worth $1,919,292,000 after purchasing an additional 1,442,731 shares during the period. Principal Financial Group Inc. raised its position in shares of Dollar General by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,940,240 shares of the company’s stock worth $431,955,000 after purchasing an additional 44,286 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of Dollar General by 1.5% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,386,072 shares of the company’s stock worth $340,198,000 after purchasing an additional 20,174 shares during the period. Institutional investors own 91.61% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Raymond James increased their price target on Dollar General from $260.00 to $285.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 26th. Wells Fargo & Company raised their target price on Dollar General from $260.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. The Goldman Sachs Group raised their target price on Dollar General from $258.00 to $296.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Morgan Stanley raised their target price on Dollar General from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, August 26th. Finally, Truist Financial raised their target price on Dollar General from $227.00 to $262.00 and gave the company a “hold” rating in a research report on Friday, August 5th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $269.85.

Dollar General Stock Performance

DG opened at $256.33 on Thursday. The firm has a market cap of $57.82 billion, a PE ratio of 25.53, a P/E/G ratio of 2.01 and a beta of 0.40. 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 business has a fifty day simple moving average of $245.74 and a 200-day simple moving average of $241.57. Dollar General Co. has a fifty-two week low of $183.25 and a fifty-two week high of $262.20.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings data on Thursday, August 25th. The company reported $2.98 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.05. The business had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.40 billion. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $2.69 EPS. As a group, equities analysts predict that Dollar General Co. will post 11.57 EPS for the current fiscal year.

Insider Transactions at Dollar General

In other news, CEO Todd J. Vasos sold 108,537 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $241.09, for a total transaction of $26,167,185.33. Following the completion of the sale, the chief executive officer now directly owns 147,006 shares of the company’s stock, valued at approximately $35,441,676.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO John W. Garratt sold 4,807 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $244.90, for a total value of $1,177,234.30. Following the completion of the sale, the chief financial officer now owns 27,420 shares of the company’s stock, valued at $6,715,158. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Todd J. Vasos sold 108,537 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $241.09, for a total value of $26,167,185.33. Following the completion of the sale, the chief executive officer now directly owns 147,006 shares of the company’s stock, valued at approximately $35,441,676.54. The disclosure for this sale can be found here. Insiders sold a total of 285,422 shares of company stock valued at $68,676,137 in the last three months. 0.73% of the stock is currently owned by corporate insiders.

About Dollar General

(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.

Featured Articles

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DGGet Rating).

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

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.