Foundation Resource Management Inc. Invests $8.25 Million in Dollar General Co. (NYSE:DG)

Foundation Resource Management Inc. acquired a new stake in Dollar General Co. (NYSE:DG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 97,513 shares of the company’s stock, valued at approximately $8,247,000. Dollar General comprises 1.3% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 28th largest holding.

A number of other large investors have also recently bought and sold shares of DG. Vanguard Group Inc. raised its holdings in Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Capital International Investors lifted its position in shares of Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after purchasing an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. Pzena Investment Management LLC bought a new position in Dollar General in the 1st quarter worth approximately $301,738,000. Finally, FIL Ltd lifted its holdings in shares of Dollar General by 31.4% during the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock worth $182,194,000 after buying an additional 320,157 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred 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 transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Warren F. Bryant purchased 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, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DG shares. Melius Research initiated coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. Raymond James cut their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Barclays decreased their target price on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Truist Financial reduced their price objective on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Finally, Evercore ISI lowered their price objective on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.15.

Dollar General Price Performance

Shares of DG stock opened at $82.49 on Friday. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 12 month low of $77.96 and a 12 month 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 stock has a 50-day moving average price of $97.27 and a 200 day moving average price of $122.64.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 earnings per share. Research analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. Dollar General’s dividend payout ratio (DPR) is presently 36.65%.

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.