Swedbank AB increased its holdings in Dollar General Co. (NYSE:DG - Free Report) by 10.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,945 shares of the company's stock after acquiring an additional 10,521 shares during the quarter. Swedbank AB owned about 0.05% of Dollar General worth $9,467,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company's stock valued at $7,683,000 after purchasing an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. bought a new stake in Dollar General during the 3rd quarter valued at approximately $5,650,000. Lecap Asset Management Ltd. grew its holdings in shares of Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock worth $3,168,000 after acquiring an additional 26,165 shares during the period. Cetera Investment Advisers raised its position in shares of Dollar General by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company's stock worth $10,086,000 after acquiring an additional 47,534 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock valued at $14,087,000 after purchasing an additional 64,336 shares during the period. Institutional investors own 91.77% of the company's stock.
Several brokerages have commented on DG. Raymond James lowered their price objective on Dollar General from $150.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. The Goldman Sachs Group dropped their price objective on shares of Dollar General from $169.00 to $122.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Truist Financial decreased their target price on shares of Dollar General from $135.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, August 26th. Oppenheimer reissued a "market perform" rating on shares of Dollar General in a research report on Monday, August 26th. Finally, Bank of America reduced their price objective on Dollar General from $118.00 to $95.00 and set an "underperform" rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of "Hold" and a consensus price target of $104.00.
Get Our Latest Research Report on Dollar General
In related news, Director Warren F. Bryant purchased 1,000 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares of the company's stock, valued at approximately $3,397,284.90. This trade represents a 2.44 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company's stock, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.
Shares of Dollar General stock opened at $74.67 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 2.19 and a beta of 0.45. The company's 50 day moving average is $80.75 and its 200 day moving average is $106.87.
Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $2.13 earnings per share. Research analysts anticipate that Dollar General Co. will post 5.85 EPS for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Dollar General, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dollar General wasn't on the list.
While Dollar General currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.