Navalign LLC Acquires 352 Shares of Dollar General Co. (NYSE:DG)

Navalign LLC boosted its holdings in Dollar General Co. (NYSE:DG) by 7.7% during the second quarter, HoldingsChannel.com reports. The fund owned 4,942 shares of the company’s stock after purchasing an additional 352 shares during the period. Navalign LLC’s holdings in Dollar General were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. bought a new position in shares of Dollar General in the second quarter valued at approximately $3,362,000. Kings Path Partners LLC acquired a new stake in shares of Dollar General in the second quarter valued at $1,205,000. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Dollar General by 0.5% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 264,337 shares of the company’s stock valued at $34,953,000 after buying an additional 1,256 shares during the last quarter. Smith Salley Wealth Management lifted its position in Dollar General by 5.4% during the 2nd quarter. Smith Salley Wealth Management now owns 66,053 shares of the company’s stock worth $8,734,000 after buying an additional 3,361 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Dollar General by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 246,681 shares of the company’s stock worth $32,619,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on DG shares. Argus decreased their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Truist Financial cut their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Bank of America cut their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $118.48.

Dollar General Trading Down 1.3 %

NYSE:DG traded down $1.06 during trading hours on Friday, hitting $82.97. 21,069,424 shares of the company were exchanged, compared to its average volume of 2,744,777. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. Dollar General Co. has a one year low of $82.68 and a one year high of $168.07. The company has a fifty day simple moving average of $123.09 and a 200 day simple moving average of $136.42. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period in the prior year, the company posted $2.13 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts expect that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.84%. 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.