Dollar General Co. (NYSE:DG) Shares Purchased by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. increased its stake in shares of Dollar General Co. (NYSE:DG) by 26.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,758 shares of the company’s stock after purchasing an additional 5,630 shares during the quarter. Kinsale Capital Group Inc.’s holdings in Dollar General were worth $3,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Studio Investment Management LLC lifted its holdings 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 purchasing an additional 153 shares during the period. Headlands Technologies LLC raised its position in Dollar General by 293.6% in the second quarter. Headlands Technologies LLC now owns 2,625 shares of the company’s stock worth $347,000 after acquiring an additional 1,958 shares in the last quarter. Mawer Investment Management Ltd. raised its position in Dollar General by 2.0% in the second quarter. Mawer Investment Management Ltd. now owns 485,543 shares of the company’s stock worth $64,203,000 after acquiring an additional 9,578 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Dollar General by 10.2% in the second quarter. Daiwa Securities Group Inc. now owns 23,910 shares of the company’s stock worth $3,162,000 after acquiring an additional 2,209 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in Dollar General in the second quarter worth $215,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DG has been the subject of several research analyst reports. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Friday, August 30th. BMO Capital Markets cut their price objective on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Evercore ISI cut their price objective on Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. dropped their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Finally, Loop Capital dropped their price target on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Dollar General has a consensus rating of “Hold” and an average target price of $113.95.

Insiders Place Their Bets

In other news, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Dollar General Trading Down 0.4 %

Dollar General stock opened at $80.69 on Wednesday. The stock has a market cap of $17.74 billion, a PE ratio of 11.75, a P/E/G ratio of 2.41 and a beta of 0.45. The stock has a 50-day moving average price of $115.41 and a 200 day moving average price of $133.21. Dollar General Co. has a 52 week low of $77.96 and a 52 week 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 issued its quarterly earnings results 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same period in the previous year, the business posted $2.13 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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 paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s payout ratio is 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.