Banyan Capital Management Inc. purchased a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 68,105 shares of the company's stock, valued at approximately $5,164,000. Dollar General accounts for 3.1% of Banyan Capital Management Inc.'s investment portfolio, making the stock its 14th largest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of DG. Eagle Rock Investment Company LLC increased its stake in shares of Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares during the period. 1834 Investment Advisors Co. acquired a new stake in Dollar General during the 3rd quarter valued at approximately $5,650,000. Leibman Financial Services Inc. bought a new position in Dollar General during the 4th quarter worth approximately $2,018,000. Lecap Asset Management Ltd. lifted its holdings in Dollar General by 231.6% in the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock valued at $3,168,000 after buying an additional 26,165 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock valued at $14,087,000 after purchasing an additional 64,336 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction on 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. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the company'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 completion of the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % 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 insiders.
Dollar General Stock Performance
Shares of DG traded up $0.35 during mid-day trading on Friday, hitting $76.48. The stock had a trading volume of 2,369,499 shares, compared to its average volume of 3,344,899. The firm has a market cap of $16.82 billion, a P/E ratio of 12.64, a PEG ratio of 2.17 and a beta of 0.43. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The business has a fifty day moving average price of $73.27 and a 200-day moving average price of $83.28.
Dollar General (NYSE:DG - Get Free Report) last announced its quarterly 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 business had revenue of $10.18 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.
Dollar General Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Tuesday, January 7th. Dollar General's dividend payout ratio (DPR) is presently 38.88%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Barclays dropped their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. HSBC cut their target price on shares of Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Telsey Advisory Group cut their price objective on shares of 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. Finally, Wells Fargo & Company decreased their target price on Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $96.77.
Read Our Latest Stock Analysis on DG
Dollar General Company Profile
(
Free Report)
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.
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