Prime Capital Investment Advisors LLC Has $902,000 Stake in Dollar General Co. (NYSE:DG)

Prime Capital Investment Advisors LLC reduced its stake in shares of Dollar General Co. (NYSE:DG) by 32.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,662 shares of the company’s stock after selling 5,229 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Dollar General were worth $902,000 as of its most recent filing with the SEC.

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

Dollar General Price Performance

Shares of Dollar General stock opened at $75.88 on Friday. The firm has a market capitalization of $16.69 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. 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 12 month low of $73.51 and a 12 month high of $168.07. The business’s 50-day moving average price is $81.98 and its 200-day moving average price is $110.84.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 20.62% and a net margin of 3.57%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. Sell-side analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio is 36.65%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DG. HSBC lowered their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their target price for the company from $91.00 to $73.00 in a research report on Friday, September 27th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Evercore ISI reduced their price objective on Dollar General from $101.00 to $97.00 and set a “hold” rating for the company in a report on Friday. Finally, Wells Fargo & Company lowered their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.45.

Insider Activity at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 41.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the purchase, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

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.