Catalyst Capital Advisors LLC Sells 1,244 Shares of Dollar General Co. (NYSE:DG)

Catalyst Capital Advisors LLC lessened its holdings in Dollar General Co. (NYSE:DG) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,495 shares of the company’s stock after selling 1,244 shares during the period. Catalyst Capital Advisors LLC’s holdings in Dollar General were worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its position in Dollar General by 16.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,966 shares of the company’s stock worth $8,890,000 after buying an additional 8,235 shares in the last quarter. Financial Counselors Inc. raised its stake in Dollar General by 5.4% during the 1st quarter. Financial Counselors Inc. now owns 2,341 shares of the company’s stock worth $365,000 after acquiring an additional 120 shares during the period. GSA Capital Partners LLP lifted its holdings in Dollar General by 94.2% during the first quarter. GSA Capital Partners LLP now owns 6,831 shares of the company’s stock valued at $1,066,000 after purchasing an additional 3,313 shares in the last quarter. SPC Financial Inc. lifted its holdings in Dollar General by 6.1% during the first quarter. SPC Financial Inc. now owns 1,738 shares of the company’s stock valued at $271,000 after purchasing an additional 100 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in shares of Dollar General by 1.1% in the first quarter. Texas Permanent School Fund Corp now owns 45,372 shares of the company’s stock worth $7,081,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Dollar General stock opened at $81.56 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The company’s 50-day moving average price is $83.61 and its 200-day moving average price is $113.63. The company has a market cap of $17.94 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its quarterly earnings data 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 company had revenue of $10.21 billion for 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 company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.13 earnings per share. On average, equities research analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.89%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is 36.65%.

Insider Buying and Selling at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the firm’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 in the company, valued at approximately $762,819.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Roderick J. West sold 2,510 shares of the firm’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 value of $208,957.50. Following the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday. Sanford C. Bernstein initiated coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price for the company. Barclays lowered their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Truist Financial cut their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.05.

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.