Dollar General Co. (NYSE:DG) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC trimmed its holdings in Dollar General Co. (NYSE:DGGet Rating) by 82.7% during the second quarter, Holdings Channel.com reports. The fund owned 4,978 shares of the company’s stock after selling 23,789 shares during the period. Beacon Pointe Advisors LLC’s holdings in Dollar General were worth $1,222,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its stake in shares of Dollar General by 4.0% during the second quarter. Gilbert & Cook Inc. now owns 1,058 shares of the company’s stock valued at $260,000 after purchasing an additional 41 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Dollar General by 2.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,785 shares of the company’s stock valued at $438,000 after purchasing an additional 43 shares in the last quarter. McIlrath & Eck LLC raised its stake in shares of Dollar General by 51.8% during the second quarter. McIlrath & Eck LLC now owns 129 shares of the company’s stock valued at $32,000 after purchasing an additional 44 shares in the last quarter. Benchmark Investment Advisors LLC raised its stake in shares of Dollar General by 0.5% during the second quarter. Benchmark Investment Advisors LLC now owns 9,105 shares of the company’s stock valued at $2,235,000 after purchasing an additional 44 shares in the last quarter. Finally, Seascape Capital Management grew its holdings in Dollar General by 0.3% during the first quarter. Seascape Capital Management now owns 14,894 shares of the company’s stock worth $3,316,000 after acquiring an additional 45 shares during the period. 91.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DG. Truist Financial lifted their target price on Dollar General from $227.00 to $262.00 and gave the stock a “hold” rating in a report on Friday, August 5th. StockNews.com began coverage on Dollar General in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Morgan Stanley lifted their target price on Dollar General from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, August 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Dollar General from $266.00 to $265.00 and set a “buy” rating on the stock in a report on Monday, August 29th. Finally, Telsey Advisory Group lifted their target price on Dollar General from $260.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dollar General currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.85.

Dollar General Trading Down 0.4 %

Shares of DG opened at $256.33 on Thursday. The business’s 50-day moving average price is $245.74 and its 200 day moving average price is $241.57. The stock has a market capitalization of $57.82 billion, a P/E ratio of 25.53, a P/E/G ratio of 2.01 and a beta of 0.40. Dollar General Co. has a 1-year low of $183.25 and a 1-year high of $262.20. The company has a current ratio of 1.02, a quick ratio of 0.10 and a debt-to-equity ratio of 0.69.

Dollar General (NYSE:DGGet Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.05. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. The firm had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same quarter last year, the business posted $2.69 EPS. Dollar General’s revenue was up 9.0% on a year-over-year basis. Analysts expect that Dollar General Co. will post 11.57 earnings per share for the current year.

Insiders Place Their Bets

In other Dollar General news, CFO John W. Garratt sold 4,807 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $244.90, for a total transaction of $1,177,234.30. Following the completion of the sale, the chief financial officer now directly owns 27,420 shares in the company, valued at approximately $6,715,158. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar General news, CFO John W. Garratt sold 4,807 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $244.90, for a total transaction of $1,177,234.30. Following the completion of the sale, the chief financial officer now directly owns 27,420 shares in the company, valued at approximately $6,715,158. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rhonda Taylor sold 44,363 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $243.04, for a total value of $10,781,983.52. Following the sale, the executive vice president now owns 37,755 shares of the company’s stock, valued at $9,175,975.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 285,422 shares of company stock worth $68,676,137. 0.73% of the stock is currently owned by company insiders.

Dollar General Profile

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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.

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

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