Savoir Faire Capital Management L.P. Sells 31,132 Shares of Dollar General Co. (NYSE:DG)

Savoir Faire Capital Management L.P. cut its stake in Dollar General Co. (NYSE:DG - Free Report) by 28.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,243 shares of the company's stock after selling 31,132 shares during the period. Dollar General comprises approximately 3.3% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 6th largest position. Savoir Faire Capital Management L.P.'s holdings in Dollar General were worth $6,532,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd increased its holdings in shares of Dollar General by 118.5% in the 1st quarter. Covestor Ltd now owns 826 shares of the company's stock valued at $130,000 after acquiring an additional 448 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Dollar General by 22.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,260 shares of the company's stock valued at $2,069,000 after buying an additional 2,439 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Dollar General by 310.2% during the first quarter. UniSuper Management Pty Ltd now owns 8,705 shares of the company's stock worth $1,359,000 after buying an additional 6,583 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of Dollar General by 407.3% during the first quarter. Lake Street Advisors Group LLC now owns 8,132 shares of the company's stock worth $1,269,000 after buying an additional 6,529 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Dollar General by 4.9% during the first quarter. National Bank of Canada FI now owns 170,939 shares of the company's stock worth $26,677,000 after buying an additional 7,986 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Price Performance

Shares of DG traded down $0.58 during mid-day trading on Tuesday, reaching $76.51. 2,261,317 shares of the company's stock were exchanged, compared to its average volume of 3,195,826. Dollar General Co. has a 52-week low of $73.51 and a 52-week high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $81.77 and a two-hundred day simple moving average of $109.57. The company has a market cap of $16.83 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 2.22 and a beta of 0.45.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. On average, sell-side analysts predict that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General's dividend payout ratio is presently 36.65%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Truist Financial decreased their price target on Dollar General from $135.00 to $130.00 and set a "hold" rating for the company in a report on Monday, August 26th. UBS Group dropped their price objective on shares of Dollar General from $155.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Loop Capital reduced their target price on shares of Dollar General from $130.00 to $90.00 and set a "hold" rating for the company in a research note on Friday, August 30th. Finally, Evercore ISI dropped their price target on shares of Dollar General from $101.00 to $97.00 and set a "hold" rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $104.00.

Insider Activity at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares of the company's stock, valued at $762,819.75. This represents a 21.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Warren F. Bryant bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares of the company's stock, valued at approximately $3,397,284.90. The trade was a 2.44 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.

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.