Dollar General Co. (NYSE:DG) Shares Purchased by Patten & Patten Inc. TN

Patten & Patten Inc. TN increased its holdings in shares of Dollar General Co. (NYSE:DG) by 28.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,976 shares of the company’s stock after purchasing an additional 1,095 shares during the quarter. Patten & Patten Inc. TN’s holdings in Dollar General were worth $421,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. Meeder Advisory Services Inc. acquired a new stake in Dollar General during the 1st quarter worth approximately $284,000. Russell Investments Group Ltd. increased its position in Dollar General by 24.7% during the 1st quarter. Russell Investments Group Ltd. now owns 87,921 shares of the company’s stock worth $13,720,000 after purchasing an additional 17,402 shares in the last quarter. US Bancorp DE boosted its holdings in Dollar General by 5.7% in the 1st quarter. US Bancorp DE now owns 33,235 shares of the company’s stock worth $5,187,000 after acquiring an additional 1,795 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Dollar General by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,186 shares of the company’s stock worth $7,520,000 after acquiring an additional 124 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in Dollar General by 185.0% in the 1st quarter. Bleakley Financial Group LLC now owns 9,361 shares of the company’s stock worth $1,461,000 after acquiring an additional 6,077 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG opened at $76.29 on Tuesday. Dollar General Co. has a 1 year low of $76.07 and a 1 year high of $168.07. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 2.25 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The firm has a fifty day moving average of $82.44 and a 200-day moving average of $112.25.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period last year, the firm posted $2.13 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is currently 36.65%.

Insider Buying and Selling

In related news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Warren F. Bryant purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Truist Financial decreased their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. UBS Group reduced their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $107.05.

About Dollar General

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.