Ceredex Value Advisors LLC Invests $20.83 Million in Dollar General Corporation $DG

Ceredex Value Advisors LLC purchased a new position in Dollar General Corporation (NYSE:DGFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 201,550 shares of the company’s stock, valued at approximately $20,830,000.

Several other institutional investors also recently bought and sold shares of DG. Elevation Point Wealth Partners LLC purchased a new position in Dollar General in the second quarter worth about $25,000. Caldwell Trust Co bought a new position in shares of Dollar General in the second quarter worth approximately $25,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Dollar General during the second quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in shares of Dollar General during the third quarter valued at approximately $26,000. Finally, Peoples Financial Services CORP. bought a new stake in shares of Dollar General during the third quarter valued at approximately $35,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Bryan D. Wheeler sold 9,776 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president owned 22,295 shares in the company, valued at approximately $3,016,959.40. This represents a 30.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president directly owned 73,492 shares in the company, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 58,673 shares of company stock worth $7,713,389. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Oppenheimer upped their price objective on Dollar General from $145.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. BNP Paribas Exane lifted their target price on Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. UBS Group restated a “buy” rating and issued a $168.00 price target on shares of Dollar General in a research note on Friday, February 6th. Daiwa Securities Group upped their price target on Dollar General from $113.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Finally, Evercore dropped their price objective on Dollar General from $145.00 to $144.00 in a research report on Tuesday, March 3rd. Fourteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $146.15.

View Our Latest Report on Dollar General

Dollar General Trading Down 0.7%

Shares of DG stock opened at $145.24 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. Dollar General Corporation has a 12-month low of $74.67 and a 12-month high of $158.23. The stock has a market capitalization of $31.97 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.41 and a beta of 0.23. The firm’s 50 day moving average is $147.30 and its 200 day moving average is $123.01.

Trending Headlines about Dollar General

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Dollar General Company Profile

(Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

See Also

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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