ROI Financial Advisors LLC Sells 1,755 Shares of Dollar General Co. (NYSE:DG)

ROI Financial Advisors LLC lessened its holdings in Dollar General Co. (NYSE:DG) by 36.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,054 shares of the company’s stock after selling 1,755 shares during the period. ROI Financial Advisors LLC’s holdings in Dollar General were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DG. Oppenheimer Asset Management Inc. increased its position in Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after buying an additional 26,813 shares during the last quarter. 1834 Investment Advisors Co. purchased a new stake in Dollar General in the 3rd quarter worth about $5,650,000. Lecap Asset Management Ltd. raised its stake in Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after acquiring an additional 26,165 shares during the period. Cetera Investment Advisers lifted its holdings in Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares during the last quarter. Finally, Kiltearn Partners LLP bought a new position in Dollar General during the second quarter worth about $9,587,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DG. JPMorgan Chase & Co. dropped their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Gordon Haskett upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Finally, Truist Financial lowered their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.05.

Dollar General Stock Performance

Shares of Dollar General stock opened at $76.77 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $82.13 and a two-hundred day simple moving average of $111.31. The firm has a market capitalization of $16.88 billion, a P/E ratio of 11.92, a P/E/G ratio of 2.20 and a beta of 0.45. Dollar General Co. has a 12 month low of $73.51 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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). The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 EPS. On average, equities analysts forecast 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 was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is currently 36.65%.

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

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.