Leibman Financial Services Inc. Purchases New Shares in Dollar General Co. (NYSE:DG)

Leibman Financial Services Inc. purchased a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,617 shares of the company's stock, valued at approximately $2,018,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA purchased a new stake in shares of Dollar General during the third quarter worth approximately $194,832,000. Point72 Asset Management L.P. raised its holdings in Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company's stock valued at $169,257,000 after acquiring an additional 765,206 shares in the last quarter. State Street Corp lifted its stake in Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after acquiring an additional 759,869 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock worth $122,324,000 after acquiring an additional 704,639 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Activity

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the business's stock in a transaction dated 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 $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Dollar General Price Performance

NYSE DG traded down $2.14 during trading hours on Tuesday, reaching $69.45. The company's stock had a trading volume of 3,940,885 shares, compared to its average volume of 3,889,179. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company's 50-day moving average is $76.30 and its two-hundred day moving average is $93.05. Dollar General Co. has a fifty-two week low of $69.33 and a fifty-two week high of $168.07. The stock has a market cap of $15.27 billion, a PE ratio of 11.44, a PEG ratio of 2.29 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the company posted $1.26 EPS. Dollar General's quarterly revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Dollar General Co. will post 5.76 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.40%. Dollar General's dividend payout ratio (DPR) is presently 38.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DG. The Goldman Sachs Group decreased their target price on Dollar General from $122.00 to $104.00 and set a "buy" rating for the company in a research note on Friday, December 6th. Gordon Haskett raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Melius Research assumed coverage on shares of Dollar General in a research note on Monday, September 23rd. They set a "hold" rating and a $85.00 price target on the stock. Jefferies Financial Group decreased their price objective on shares of Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Finally, 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. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus price target of $98.18.

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.