Prudential Financial Inc. Acquires 14,670 Shares of Dollar General Corporation $DG

Prudential Financial Inc. increased its holdings in Dollar General Corporation (NYSE:DG) by 11.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,227 shares of the company’s stock after purchasing an additional 14,670 shares during the quarter. Prudential Financial Inc. owned 0.07% of Dollar General worth $16,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DG. AE Wealth Management LLC purchased a new stake in Dollar General during the 1st quarter valued at about $259,000. Avantax Advisory Services Inc. increased its stake in Dollar General by 9.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,562 shares of the company’s stock worth $929,000 after purchasing an additional 918 shares during the period. Cetera Investment Advisers lifted its position in Dollar General by 7.5% in the first quarter. Cetera Investment Advisers now owns 124,242 shares of the company’s stock valued at $10,925,000 after purchasing an additional 8,715 shares during the last quarter. Assetmark Inc. lifted its position in Dollar General by 33.8% in the first quarter. Assetmark Inc. now owns 30,957 shares of the company’s stock valued at $2,722,000 after purchasing an additional 7,814 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Dollar General by 24.9% during the first quarter. HB Wealth Management LLC now owns 6,274 shares of the company’s stock valued at $552,000 after purchasing an additional 1,249 shares during the period. 91.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DG. Loop Capital decreased their target price on shares of Dollar General from $120.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, November 11th. Telsey Advisory Group restated a “market perform” rating and issued a $123.00 price objective on shares of Dollar General in a research report on Wednesday. Piper Sandler increased their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Gordon Haskett cut their target price on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Finally, Sanford C. Bernstein upped 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.14.

Dollar General Price Performance

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

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period in the previous year, the firm posted $1.70 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

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.