Caprock Group LLC Makes New $382,000 Investment in Dollar General Co. (NYSE:DG)

Caprock Group LLC acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,041 shares of the company's stock, valued at approximately $382,000.

Several other large investors have also made changes to their positions in the business. Pzena Investment Management LLC increased its stake in Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock worth $865,903,000 after acquiring an additional 8,388,735 shares during the last quarter. State Street Corp increased its stake in Dollar General by 8.3% during 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. Geode Capital Management LLC increased its stake in Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock worth $441,899,000 after acquiring an additional 182,300 shares during the last quarter. Baupost Group LLC MA bought a new stake in Dollar General during the third quarter worth approximately $194,832,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Dollar General by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company's stock worth $121,355,000 after acquiring an additional 31,200 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DG. BMO Capital Markets boosted their price objective on Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research note on Friday, December 6th. Wells Fargo & Company cut their target price on Dollar General from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday, December 5th. Sanford C. Bernstein assumed coverage on Dollar General in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 target price on the stock. JPMorgan Chase & Co. cut their target price on Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Finally, Evercore ISI cut their target price on Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dollar General has a consensus rating of "Hold" and a consensus target price of $96.77.

Dollar General Stock Down 0.1 %

Dollar General stock traded down $0.10 during mid-day trading on Friday, reaching $72.51. 3,511,596 shares of the company were exchanged, compared to its average volume of 3,254,984. The business has a fifty day moving average of $74.31 and a 200 day moving average of $85.86. 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 firm has a market cap of $15.95 billion, a P/E ratio of 11.95, a PEG ratio of 2.08 and a beta of 0.43. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analysts' expectations of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.25%. Dollar General's dividend payout ratio is presently 38.88%.

Insider Activity

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael M. Calbert sold 6,000 shares of the firm'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 completion of the transaction, the director now owns 120,322 shares of the company's stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

About Dollar General

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.