First National Bank Sioux Falls Acquires 570 Shares of Dollar General Co. (NYSE:DG)

First National Bank Sioux Falls grew its holdings in Dollar General Co. (NYSE:DG) by 22.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,133 shares of the company’s stock after acquiring an additional 570 shares during the quarter. First National Bank Sioux Falls’ holdings in Dollar General were worth $265,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital International Investors boosted its stake in shares of Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Dollar General by 11.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in shares of Dollar General in the 1st quarter valued at approximately $301,738,000. Point72 Asset Management L.P. boosted its stake in shares of Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after purchasing an additional 704,639 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Sanford C. Bernstein started coverage on shares of Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target for the company. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. The Goldman Sachs Group lowered their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $107.84.

Dollar General Stock Performance

Shares of NYSE DG traded up $1.72 during mid-day trading on Friday, reaching $81.76. 3,126,563 shares of the company’s stock were exchanged, compared to its average volume of 4,152,537. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 2.34 and a beta of 0.45. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The firm has a 50-day moving average price of $85.33 and a two-hundred day moving average price of $114.74.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 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 the consensus estimate of $10.37 billion. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Analysts predict that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

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

Insider Activity

In other news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant acquired 500 shares of the business’s 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 acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

About Dollar General

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.