Dollar General Co. (NYSE:DG) Stake Reduced by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp trimmed its stake in Dollar General Co. (NYSE:DG) by 37.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 9,341 shares of the company’s stock after selling 5,540 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Dollar General were worth $790,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DG. Bank & Trust Co bought a new stake in Dollar General in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General during the second quarter valued at approximately $33,000. Studio Investment Management LLC boosted its position in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after buying an additional 153 shares during the period. Pathway Financial Advisers LLC bought a new position in Dollar General in the 1st quarter worth approximately $45,000. Finally, TruNorth Capital Management LLC acquired a new stake in Dollar General in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE DG opened at $77.27 on Friday. 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 1 year low of $72.12 and a 1 year high of $168.07. The company has a market cap of $16.99 billion, a PE ratio of 12.00, a PEG ratio of 2.23 and a beta of 0.45. The stock’s 50-day moving average price is $80.16 and its two-hundred day moving average price is $106.02.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 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 during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter last year, the company posted $2.13 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Dollar General Co. will post 5.85 EPS for the current year.

Insider Activity

In related news, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the purchase, the director now owns 42,030 shares in the company, valued at $3,397,284.90. This represents a 2.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the 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 completion of the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DG shares. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $170.00 to $100.00 in a research report on Friday, August 30th. Raymond James reduced their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Barclays dropped their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. UBS Group decreased their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, Bank of America dropped their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.00.

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.