IFM Investors Pty Ltd Has $3.70 Million Stake in Dollar General Co. (NYSE:DG)

IFM Investors Pty Ltd raised its stake in shares of Dollar General Co. (NYSE:DG) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 43,731 shares of the company’s stock after purchasing an additional 1,255 shares during the quarter. IFM Investors Pty Ltd’s holdings in Dollar General were worth $3,698,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bank & Trust Co acquired a new position in Dollar General in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General in the second quarter valued at $33,000. Crewe Advisors LLC bought a new position in Dollar General in the first quarter worth $40,000. Studio Investment Management LLC boosted its stake in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new stake in Dollar General in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Dollar General stock opened at $80.38 on Friday. The company has a market cap of $17.68 billion, a PE ratio of 11.70, a PEG ratio of 2.42 and a beta of 0.44. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The company’s 50-day moving average is $89.58 and its two-hundred day moving average is $117.40.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 earnings per share. Equities analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Insider Transactions at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DG. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $91.00 to $73.00 in a report on Friday, September 27th. Evercore ISI lowered their price target on Dollar General from $115.00 to $105.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Bank of America cut their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. Truist Financial dropped 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 report on Monday, August 26th. Finally, Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus target price of $107.84.

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.