By otakuyassine3@gmail.com 
Tobam cut its position in shares of Dollar General Co. (NYSE:DG – Free Report) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,346 shares of the company’s stock after selling 9,769 shares during the quarter. Tobam’s holdings in Dollar General were worth $3,666,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Czech National Bank raised its holdings in Dollar General by 7.0% in the 3rd quarter. Czech National Bank now owns 44,794 shares of the company’s stock valued at $3,788,000 after acquiring an additional 2,934 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in Dollar General by 37.7% in the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares during the last quarter. Reinhart Partners LLC. boosted its stake in Dollar General by 32.9% in the 3rd quarter. Reinhart Partners LLC. now owns 85,597 shares of the company’s stock worth $7,239,000 after buying an additional 21,188 shares during the last quarter. Foundation Resource Management Inc. purchased a new stake in Dollar General in the 3rd quarter valued at about $8,247,000. Finally, Inspire Investing LLC increased its stake in shares of Dollar General by 69.3% during the 3rd quarter. Inspire Investing LLC now owns 3,376 shares of the company’s stock valued at $286,000 after acquiring an additional 1,382 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Insider Buying and Selling
In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred on 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 owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research firms recently issued reports on DG. Barclays decreased 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. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Friday, December 6th. Telsey Advisory Group cut their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. Sanford C. Bernstein started coverage on Dollar General in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target for the company. Finally, Jefferies Financial Group reduced their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $96.77.
Read Our Latest Stock Report on Dollar General
Dollar General Trading Down 0.3 %
DG opened at $72.61 on Friday. The stock has a market capitalization of $15.97 billion, a PE ratio of 11.96, a P/E/G ratio of 2.11 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07. The firm’s fifty day moving average price is $74.48 and its 200 day moving average price is $86.55.
Dollar General (NYSE:DG – Get Free Report) last issued 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 return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business posted $1.26 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.
Dollar General Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.
Dollar General Company 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.
Further Reading
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