PUREfi Wealth LLC Makes New $365,000 Investment in Dollar General Co. (NYSE:DG)

PUREfi Wealth LLC purchased a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,810 shares of the company’s stock, valued at approximately $365,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General in the 3rd quarter worth approximately $33,000. Bogart Wealth LLC raised its holdings in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $39,000. Kentucky Trust Co bought a new stake in shares of Dollar General in the 4th quarter worth approximately $48,000. Finally, Studio Investment Management LLC raised its holdings in shares of Dollar General by 200.4% in the 3rd quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock worth $72,000 after purchasing an additional 567 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on DG. Truist Financial dropped their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Barclays dropped their target price on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Jefferies Financial Group lowered their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Wells Fargo & Company reduced their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.77.

Dollar General Price Performance

Shares of NYSE:DG opened at $72.57 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market capitalization of $15.96 billion, a P/E ratio of 11.96, a P/E/G ratio of 2.08 and a beta of 0.43. The business has a 50-day moving average of $73.89 and a two-hundred day moving average of $84.86. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. Dollar General’s payout ratio is presently 38.88%.

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.