Sentry LLC Has $468,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Sentry LLC reduced its holdings in Dollar General Co. (NYSE:DG) by 3.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,530 shares of the company’s stock after selling 175 shares during the period. Sentry LLC’s holdings in Dollar General were worth $468,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank & Trust Co acquired a new stake in shares of Dollar General during the second quarter worth $26,000. Salem Investment Counselors Inc. raised its position in shares of Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General in the 2nd quarter valued at about $33,000. Crewe Advisors LLC acquired a new stake in Dollar General during the first quarter worth approximately $40,000. Finally, Studio Investment Management LLC boosted its holdings in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DG. Melius Research initiated coverage on shares of Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective for the company. Telsey Advisory Group lowered shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $168.00 to $103.00 in a report on Friday, August 30th. Wells Fargo & Company reduced their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 27th. Morgan Stanley downgraded Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Finally, Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $108.11.

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Steven R. Deckard sold 2,010 shares of the company’s 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 directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Stock Performance

Shares of DG opened at $80.57 on Wednesday. The stock has a 50 day moving average of $95.56 and a 200 day moving average of $121.15. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 11.73, 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 current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last announced its 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). The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.13 earnings per share. As a group, sell-side analysts forecast that Dollar General Co. will post 5.86 earnings per share 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 dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.93%. Dollar General’s payout ratio is currently 34.35%.

Dollar General 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.