Curi RMB Capital LLC Takes $328,000 Position in Dollar General Co. (NYSE:DG)

Curi RMB Capital LLC acquired a new position in shares of Dollar General Co. (NYSE:DG) in the third quarter, Holdings Channel reports. The institutional investor acquired 3,875 shares of the company’s stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. Bank & Trust Co acquired a new stake in Dollar General during the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General during the second quarter worth $33,000. Studio Investment Management LLC raised its stake in 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 buying an additional 153 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Dollar General in the second quarter valued at $37,000. Finally, TruNorth Capital Management LLC bought a new stake in Dollar General during the second quarter valued at $39,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

DG opened at $75.88 on Friday. The firm’s fifty day moving average price is $81.85 and its two-hundred day moving average price is $110.38. The company has a market capitalization of $16.69 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 2.24 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a 1 year low of $73.51 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last issued 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 return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the company posted $2.13 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts anticipate 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. Investors of record on Tuesday, October 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.11%. Dollar General’s dividend payout ratio (DPR) is currently 36.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Raymond James lowered their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, August 30th. Melius Research started coverage on Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target on the stock. Evercore ISI lowered their price objective on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.45.

Insiders Place Their Bets

In related news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This trade represents a 2.44 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

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.