Insigneo Advisory Services LLC Invests $262,000 in Dollar General Corporation $DG

Insigneo Advisory Services LLC acquired a new stake in Dollar General Corporation (NYSE:DG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,292 shares of the company’s stock, valued at approximately $262,000.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its position in Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after acquiring an additional 110 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of Dollar General by 1.9% during the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after purchasing an additional 113 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after purchasing an additional 122 shares during the period. Harbor Investment Advisory LLC grew its holdings in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in Dollar General by 0.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 19,134 shares of the company’s stock worth $2,188,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 4.3%

Shares of NYSE DG opened at $108.81 on Thursday. The business has a 50-day moving average of $102.06 and a two-hundred day moving average of $106.39. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.70 EPS. On average, analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. Piper Sandler raised their price target on shares of Dollar General from $115.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, August 29th. Gordon Haskett decreased their target price on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Guggenheim restated a “buy” rating and set a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Sanford C. Bernstein increased their price target on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Evercore ISI lowered their price objective on Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $118.14.

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.