Cynosure Group LLC Grows Holdings in Dollar General Co. (NYSE:DG)

Cynosure Group LLC raised its position in Dollar General Co. (NYSE:DG) by 710.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,343 shares of the company’s stock after purchasing an additional 22,217 shares during the period. Cynosure Group LLC’s holdings in Dollar General were worth $2,143,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DG. Pullen Investment Management LLC boosted its stake in Dollar General by 4.3% during the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after purchasing an additional 103 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of Dollar General by 7.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after buying an additional 113 shares during the period. Finally, Lummis Asset Management LP raised its stake in Dollar General by 1.2% during the second quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock worth $1,245,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

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

Dollar General Trading Down 2.5 %

Shares of NYSE DG opened at $74.67 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 2.24 and a beta of 0.45. The business has a fifty day simple moving average of $80.75 and a 200-day simple moving average of $106.87.

Dollar General (NYSE:DG) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Dollar General Co. will post 5.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Barclays decreased their target price on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Jefferies Financial Group dropped their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and reduced their target price for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Truist Financial cut their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Finally, Bernstein Bank reduced their price target on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dollar General has an average rating of “Hold” and a consensus price target of $104.00.

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.