Dollar General Co. (NYSE:DG) Shares Sold by Associated Banc Corp

Associated Banc Corp reduced its position in Dollar General Co. (NYSE:DG) by 22.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,923 shares of the company’s stock after selling 7,093 shares during the quarter. Associated Banc Corp’s holdings in Dollar General were worth $2,023,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DG. Bank & Trust Co purchased a new stake in Dollar General during the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar General in the 2nd quarter valued at $33,000. Studio Investment Management LLC increased its holdings in Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Dollar General during the second quarter worth about $37,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Dollar General in the second quarter worth about $39,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.2 %

Shares of NYSE:DG opened at $76.57 on Tuesday. Dollar General Co. has a fifty-two week low of $72.12 and a fifty-two week high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market cap of $16.84 billion, a PE ratio of 11.89, a P/E/G ratio of 2.19 and a beta of 0.45. The company’s 50-day moving average price is $80.98 and its 200 day moving average price is $107.33.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period last year, the firm posted $2.13 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 36.65%.

Analyst Upgrades and Downgrades

DG has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Jefferies Financial Group dropped their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Melius Research started coverage on Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. Finally, Raymond James reduced their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.00.

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the transaction, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. This trade represents a 2.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % 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.

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.